Corporation Bank has inked a Memorandum of Understanding (MoU) with Tata Motors for financing the latter’s commercial vehicles on an all-India basis. The collaboration will make Corporation Bank the preferred lender for financing Tata Motors’ commercial vehicles.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.
