DCB Bank ties up with TVS Credit Services for retail loans

DCB Bank has tied up with TVS Credit Services for retail loans. This tie-up will give entry into newer markets to offer car finance across 40 towns in the first phase, starting November 23, 2015 and is initially expected to be launched in Tamil Nadu, Telangana, Andhra Pradesh and Karnataka.

TVS Credit Services, a five-year-old NBFC  has established its presence across 1,000 locations in the country. The company is primarily in the two-wheeler financing space and with this tie-up the company will enter into the new car financing arena.

DCB Bank is a modern emerging new generation private sector bank with 160 branches across 17 states and 2 union territories. Bank’s business segments are Retail, micro-SME, SME, mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non Banking Finance Companies (NBFC). Bank has approximately 450,000 customers.