Bank of Maharashtra inks pact with Mahindra & Mahindra

Bank of Maharashtra (BoM) has inked pact with Mahindra & Mahindra by signing a preferred financier agreement. As per the agreement M&M customers will get benefit from the vehicle finance services from any of the 1,589 branches of the bank.

The banks customers will have privileged access to the specialized services of M&M. BoM is also coming out with an attractive package for purchasers of M&M vehicles.

Recently Bank of Maharashtra has decided to decrease the base rate by 10 basis point (bps) from 10.60% per annum to 10.50% per annum on monthly compounding basis, with effect from May 01, 2012.