J&K Bank, Ashok Leyland sign MoU to facilitate CMVs



BK News

Srinagar, Dec 4: Jammu and Kashmir Bank Friday entered into a tie-up with Ashok Leyland to facilitate the bank’s customers with a range of commercial motor vehicles (CMVs).

J&K Bank Vice-President (CCB) Manzoor Hussain exchanged the memorandum of understanding (MoU) with the Head Retail Finance, Ashok Leyland, Suvendu Moitra in presence of the bank’s Executive President Arun Gandotra and Head Sales Finance, Ashok Leyland DS Madhusudan, Territory Sales Manager Umar Mir and other officers of the bank, a spokesperson of the bank said.

Speaking on the occasion, Executive President Arun Gandotra said, “In our quest for deeper engagement with our customers, we feel pleased to partner with Ashok Leyland to make an array of customized commercial vehicles including trucks, tippers and school buses accessible to them through its extensive network of touchpoints across the country especially in the UT, where they have a sizable presence and are going to double the number of touchpoints within a year.”

“The agreement is a win-win for our customers as they will avail customized solutions from both the companies tailored to meet their financial as well as vehicular requirements,” he added.

The attractive add-ons as per tie-up for the bank’s customers include free service package of Rs 15,000 for each truck and bus (MHCV Range from 8T to 55T) and 4-year driver term-insurance of Rs 10 lacs on every AVTR truck funded by the bank, said the spokesperson.

Earlier, Suvendu Moitra gave an overview of the profile and products of Ashok Leyland in a presentation that was also attended by all the Zonal Heads of the bank through video conferencing. On the occasion, the Zonal Heads Arshid Hussain and Shareesh Sharma also took up various issues related to such agreements with the officers of the company which were duly responded.

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