State Bank Of India

State Bank of India (SBI) has reportedly inked an MoU with SML Isuzu (SMLI). As per the agreement, the bank will finance the entire range of commercial vehicles being manufactured by the company. The Bank will also offer attractive terms and conditions to company’s customers for purchase of all types of commercial vehicles being manufactured by the company.

The SBI loan facility is available not only for cost of the vehicle but also for registration, road taxes and insurance.

The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.