HOME ABOUT US TEAM SERVICES EXPERT VIEW CLIENTS CSR CONTACT CLIENTS Mahindra & Mahindra signs MoU with Indian Overseas Bank for Car Loans and Commercial Vehicle Finance Chennai: Mahindra & Mahindra Ltd. (M&M), a part of the US $14.4 billion Mahindra Group, announced a Preferred Financier agreement with Indian Overseas Bank, one of India’s premier public sector banks with 75 years of banking history, today. The Memorandum of Understanding (MoU) was signed by both parties, and will enable M&M customers to avail of vehicle finance services from any of the 2000+ branches of IOB. The tie-up will enable both M&M and Indian Overseas Bank to leverage on the inherent strengths of each other’s vast network of 250+ dealerships as well as a 2000+ branch network respectively. The MOU was signed by Shri M.S.Raghavan, General Manager, Shri K Subrahmanyam, General Manager of Indian Overseas Bank and Mr. Arun Malhotra, Sr. Vice President, Sales & Customer Care, Mahindra & Mahindra Ltd.Speaking on the occasion Shri K.Subrahmanyam mentioned, “We are offering the latest and best schemes to Mahindra customers under which the customer can avail of up to 90% on road cost funding of the vehicle, with 5 – 7 years repayment options. As a special gesture Bank has waived off 50% processing fee for all our customers. For our SRTO (small road transport operator) friends we have done away with the compulsory requirement of a third party guarantor / collateral with applicability of the CGTMSE scheme. We are hopeful with such competitive and customer friendly schemes we will be able to make in-roads into Mahindra counters in a short span of time and strengthen the relationship with M&M Automotive Sector and their customers.Shri M.S.Raghavan added,”Our bank’s Pushpaka scheme offers excellent terms for owning vehicles by individuals and we look forward to reach out to lot more customers with this offering”Mr. Arun Malhotra, Sr Vice President, Sales & Customer Care, Mahindra & Mahindra mentioned, “Indian Overseas Bank is a dynamic and growing, tech-savvy bank and it is a moment of pride for M&M Auto Sector to be associated with a bank of its stature, heritage and respect. With highly competitive schemes for Car Loans and Commercial vehicles we are hopeful of a good response from our dealers and customers”About The Mahindra GroupThe Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers. A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 137,000 people in over 100 countries.In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.For further information, please visit www.mahindra.com Connect with us on www.facebook.com/mahindragroup Birla Sun Life Insurance strengthens its presence in Cuttack Opens its second branch at Badambari Cuttuck ,Cuttuck: Birla Sun Life Insurance (BSLI) inaugurated its new branch in Badambari Cuttuck today. The branch is - 1st Floor, Sumitra Plaza. Nr. Govt. Bus Stand, Badambari, Cuttack, Orrisa.Commenting on the occasion, Jayant Dua, MD & CEO, Birla Sun Life Insurance said,”The India insurance potential is tremendous. We recognize this opportunity and the need for spreading awareness amongst the discerning consumers and driving sensitivity towards the need for availing protection solutions for individuals and their families especially given the statistics of under-insurance and under-penetration amongst Indian households.”He further adds “We have been at the forefront of expanding our geographical footprint over the years to reach out to our customers and provide them need based and innovative offerings designed to meet their felt and unfelt, life cycle needs. With this objective we have been able to scale our reach from xx in 2001 to over 600 branches, today spread across the length and breadth of the country. We are hopeful that this branch in Badambari will help us scale our operations in Cuttuck and help us touch the lives of many more customers, in the days ahead”. Next Your browser does not support inline frames or is currently configured not to display inline frames.
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Mahindra & Mahindra signs MoU with Indian Overseas Bank for Car Loans and Commercial Vehicle Finance Chennai: Mahindra & Mahindra Ltd. (M&M), a part of the US $14.4 billion Mahindra Group, announced a Preferred Financier agreement with Indian Overseas Bank, one of India’s premier public sector banks with 75 years of banking history, today. The Memorandum of Understanding (MoU) was signed by both parties, and will enable M&M customers to avail of vehicle finance services from any of the 2000+ branches of IOB. The tie-up will enable both M&M and Indian Overseas Bank to leverage on the inherent strengths of each other’s vast network of 250+ dealerships as well as a 2000+ branch network respectively. The MOU was signed by Shri M.S.Raghavan, General Manager, Shri K Subrahmanyam, General Manager of Indian Overseas Bank and Mr. Arun Malhotra, Sr. Vice President, Sales & Customer Care, Mahindra & Mahindra Ltd.Speaking on the occasion Shri K.Subrahmanyam mentioned, “We are offering the latest and best schemes to Mahindra customers under which the customer can avail of up to 90% on road cost funding of the vehicle, with 5 – 7 years repayment options. As a special gesture Bank has waived off 50% processing fee for all our customers. For our SRTO (small road transport operator) friends we have done away with the compulsory requirement of a third party guarantor / collateral with applicability of the CGTMSE scheme. We are hopeful with such competitive and customer friendly schemes we will be able to make in-roads into Mahindra counters in a short span of time and strengthen the relationship with M&M Automotive Sector and their customers.Shri M.S.Raghavan added,”Our bank’s Pushpaka scheme offers excellent terms for owning vehicles by individuals and we look forward to reach out to lot more customers with this offering”Mr. Arun Malhotra, Sr Vice President, Sales & Customer Care, Mahindra & Mahindra mentioned, “Indian Overseas Bank is a dynamic and growing, tech-savvy bank and it is a moment of pride for M&M Auto Sector to be associated with a bank of its stature, heritage and respect. With highly competitive schemes for Car Loans and Commercial vehicles we are hopeful of a good response from our dealers and customers”About The Mahindra GroupThe Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers. A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 137,000 people in over 100 countries.In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.For further information, please visit www.mahindra.com Connect with us on www.facebook.com/mahindragroup
Birla Sun Life Insurance strengthens its presence in Cuttack Opens its second branch at Badambari Cuttuck ,Cuttuck: Birla Sun Life Insurance (BSLI) inaugurated its new branch in Badambari Cuttuck today. The branch is - 1st Floor, Sumitra Plaza. Nr. Govt. Bus Stand, Badambari, Cuttack, Orrisa.Commenting on the occasion, Jayant Dua, MD & CEO, Birla Sun Life Insurance said,”The India insurance potential is tremendous. We recognize this opportunity and the need for spreading awareness amongst the discerning consumers and driving sensitivity towards the need for availing protection solutions for individuals and their families especially given the statistics of under-insurance and under-penetration amongst Indian households.”He further adds “We have been at the forefront of expanding our geographical footprint over the years to reach out to our customers and provide them need based and innovative offerings designed to meet their felt and unfelt, life cycle needs. With this objective we have been able to scale our reach from xx in 2001 to over 600 branches, today spread across the length and breadth of the country. We are hopeful that this branch in Badambari will help us scale our operations in Cuttuck and help us touch the lives of many more customers, in the days ahead”.
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