Corporation Bank has inked a Memorandum of Understanding (MoU) with AMW Motors for financing commercial vehicles manufactured by the company. With this tie-up, the bank will now be preferred financier for financing commercial vehicles of the company and will offer financing facilities to eligible customers for purchasing AMW range of commercial vehicles through its branches.
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.
