State Bank of India (SBI) has entered into partnership pact with commercial vehicle maker AMW Motors under which the bank will finance sales of the company’s entire range of vehicles. This tie-up will facilitate AMW Motors to utilize SBI’s network of over 13,000 branches which will provide a big fillip to the company’s sales.
According to the agreement, SBI would offer competitive rates of interest to customers on fully built vehicles, chassis as well as body-building. The agreement will act as a great incentive for the company's dealers as well as sales offices and help in its aggressive growth plans.
