Yes Bank has signed a memorandum of understanding (MoU) with Kia Motors for finance and banking solutions. According to MoU, the Bank will offer financing and banking solutions to Kia car dealers with products such as term loans, cash credit and inventory funding.
The bank will also offer loans to the end-consumers of Kia Motors, which is set to enter the Indian market by the second half of 2019 with an SUV.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.