Thursday, January 22, 2009

Bank of Baroda and GM India signed MOU for vehicle financing

Bank of Baroda and GM India signed an MOU according to which bank will provide wholesale financing to GM India dealers and retail financing to customers for purchase of GM India vehicles across the country. Joint promotions and schemes will be undertaken by both bank of Baroda and GM in order to offer easy finance options to the valued customers through all the branches of bank.

Bank of Baroda is the largest public sector bank in India with a network of over 2,800 branches across the country. Bank is also one of the top ranking banks of international status; since its setting up of 72 overseas branches in 22 countries covering 5 continents bank has been growing rapidly.

During the signing of the MOU Mr Slym said, "Considering the slowdown in the auto industry, this association with Bank of Baroda at this juncture is an attempt to ensure that we are able to reach out to our valued customers with easy, affordable and preferential finance options. This service initiative is another step from GM India aimed at strengthening our association with dealerships and customers nationally and to maximize our customer reach and satisfaction. With the agreement in place we plan to initiate various retail activities and road shows across the country to reach out to our valued customers," he added.

No comments: