by NR INDRAN / INT

Federal Bank has signed an MOU with TataMotors, country’s market leader and among the world’s top medium and heavy commercial manufacturers for financing TATA’s commercial vehicles through analliance partnership.

This partnership can be termedas a strategic alliance between one of the major private sector Banks having823 branches across India and the biggest vehicle manufacturer having more than60% market share in commercial vehicle segment of our country.

Mr. P C John, ExecutiveDirector of Federal Bank while exchanging documents with Shri. Sanjay K Mishra,Regional Manager, South, Tata Motors said, “Their commercial vehicle rangeextends from the light two-tonne trucks to heavy dumpers and multi-axledvehicles.  We see vast opportunities inservicing our SME customers through this relationship”.

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