The Syndicate Bank has signed an MoU with Royal Enfield for providing finance for the latter's two-wheeler products here on Wednesday. | |
| R Dhandabani, senior manager (sales), Royal Enfield said that the agreement aims at reaching out to the student sector and those employed in the highly rewarding IT sector. |
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| The finance scheme will be spread upto five years at 9 per cent rate of interest and it will be charged on the reducing balance method. M/S U Subraya Nayak, the dealership firm in the district expects a 100 per cent jump in sales figures, he said. |
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| B K Bhat, regional manager, Syndicate Bank, said the step was an extension of the SyndVahan policy of the bank. |
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