M& M signs MoU with PNB

Mahindra & Mahindra Ltd,one of the leading auto brands signed an MoU with Punjab National Bank for vehicle finance.

“This MoU with the Punjab National Bank will provide our customers with additional retail finance options for both commercial vehicles and passenger vehicles. A low rate of interest is just one of the benefits of opting for the Punjab National Bank as a preferred financier. The bank’s vast national network of 4685 branches will also help us further strengthen our presence in India’s hinterland,” said Arun Malhotra,Senior Vice President,Sales and Customer Care,Automotive Sector,Mahindra & Mahindra Ltd.

Arun Malhotra,senior vice president,sales and customer care,automotive sector,Mahindra & Mahindra Ltd and Mr. Sudhanshu Verma,Head – Trade & Finance,Auto Sector,Mahindra & Mahindra Ltd,were present at the signing ceremony. Ranjan Dhawan,chief general manager,Punjab National Bank,Sudeshna Sharma,general manager,retail banking division,Punjab National Bank and S.K. Kinger,Dy. General Manager,retail banking division,Punjab National Bank were also present on the occasion.