PNB Partners with Tata Motors for Commercial Vehicle Financing Solutions

18 Aug 2023 , 01:35 AM

Punjab National Bank (PNB) announced the signing of a memorandum of understanding (MoU) with Tata Motors Finance Solutions. The MoU aims to facilitate a co-sourcing partnership for commercial vehicles. Through this arrangement, PNB and Tata Motors Finance Solutions aim to offer straightforward and streamlined financing solutions.

The target audience for these financing solutions includes fleet owners and operators of commercial vehicles. This collaboration also aims to foster the expansion and growth of Micro, Small, and Medium Enterprises (MSMEs) across different regions.

PNB emphasized that the co-sourcing approach intends to enhance business scalability and efficiency. The MoU was formalized by PNB’s Managing Director, Atul Kumar Goel, and the Managing Director of Tata Motors Finance Solutions Ltd, Samrat Gupta.
 

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