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Ashok Leyland ties up with BoB.

Posted on: March 2, 2009

Ashok Leyland has tied up with Bank of Baroda for extending finance to the company’s end-customers and its dealers’ inventory. It will enable to utilise Bank ’s comprehensive network and reach to service the value chain, from wholesale to retail.

“Cost effective funding is what is crucial at these times. And the solutions offered by public sector banks would help our customers and dealers on this front”, said ALL CFO K Sridharan.

Recognising the wide reach and financial strength of Public Sector Banks, Ashok Leyland has already entered into MoUs with State Bank of India, State Bank of Patiala, Jammu & Kashmir Bank and Corporation Bank.

Source: Pricewale.com

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