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Dena Bank and Tata Motors Ltd. signs MOU for commercial vehicle finance
Published on December 23, 2011
Dena Bank signed a MoU with Tata Motors Ltd. on 21st December 21, 2011 for financing commercial vehicles in India manufactured by Tata Motors Ltd.
Seen in the photograph, Mr. M.K Sharma, General Manager (MSME), Dena Bank and Mr. Sudhanshu Verma, Head – Retail Channel Finance and Insurance Tata Motors Ltd. (CVBU) who have signed the MoU at a function held in Mumbai.
Dena Bank will provide loan up to 85% (on road) to eligible borrowers on merits for purchase of commercial vehicles manufactured by TATA Motors Ltd. for a maximum tenure of 7 Years, at a very attractive rate of interest.
