Federal Bank has partnered with JCB India to finance the prospective buyers of heavy construction equipment and boost its loan portfolio. The bank has inked a memorandum of understanding (MOU) with JCB India, a leading manufacturer of earthmoving and construction equipment. This arrangement will boost the financing options for JCB's customers in India.
Under the arrangement, Federal Bank is the preferred finance partner of the construction equipment manufacturer, where JCB's customers can avail loans from the lender at competitive interest rates.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.
Company Name | CMP |
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HDFC Bank | 1510.75 |
ICICI Bank | 1109.00 |
Axis Bank | 1127.50 |
Indusind Bank | 1487.30 |
Kotak Mahindra Bank | 1644.90 |
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