State-run Bank of Maharashtra has entered into a tie-up with commercial vehicle manufacturer Ashok Leyland to provide finance to the commercial vehicle (CV) buyers. The tie-up will help Ashok Leyland to extend its reach as it will give it an access to 1700 branches of Bank of Maharashtra.
The tie-up comes at a time when most of the banks, especially those from the private sector space, are wary about their exposures to the commercial vehicle space.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The bank also offers services to agricultural and SME sectors.
