Ashok Leyland, CSB Bank partner for vehicle financing

1 Sep 2023 , 12:36 PM

On Thursday, Ashok Leyland announced a partnership with CSB Bank Ltd to provide automobile financing solutions to its clients.

The two firms have inked a Memorandum of Understanding, and the collaboration would allow them to provide customized financial solutions to the automaker’s clients, according to Ashok Leyland.

‘Customers will benefit from the collaboration with CSB Bank by having access to financial products that are specifically geared for a hassle-free experience. We will be able to provide the best financial solutions to our wide range of commercial vehicle customers through our vast network of dealerships,’ Ashok Leyland CFO & Director Gopal Mahadevan stated.

‘This partnership will assist the bank to grow its portfolio of assets and extend its reach into previously untapped consumer segments,’ said Narendra Dixit, CSB Bank Group Head and Head, Retail Banking.

At around 12.33 PM, Ashok Leyland was trading 0.35% higher at Rs 184.50, against the previous close of Rs 183.85 on NSE.

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