MAN signs MoU with Canara bank

Image
Motor Octane Mumbai
Last Updated : Sep 15 2015 | 8:16 PM IST
MAN Trucks India signed a Memorandum of Understanding (MOU) with Indias premier commercial bank - Canara Bank for offering commercial vehicle loans to its customers. With this MOU, Canara Bank becomes a preferred financier for MAN Trucks in India.

The MOU was signed by Mr. Jagadish Bhat, Chairman & Managing Director, MAN Trucks India and Mr. R Madhusudan, GM - MSME Wing, Canara Bank. Also present on the occasion were Mr. Somasundaram, National Sales Head, MAN Trucks India and Mr. C G Saha, DGM - MSME Wing, Canara Bank.

Canara Bank caters to around 6.75 Crore customers through their pan India network of 5708 branches , with 49 SME Sulabhs and 162 SME branches dedicated to MSME sector. MAN Trucks Indias extensive products range complements the construction & transport requirements of MSME Sector.

Announcing the partnership, Mr. Jagadish Bhat, Chairman & MD, MAN Trucks India, said This MOU will give MAN Trucks India access to the vast network & expertise of Canara Bank. Customers of Canara Bank can also look forward to MAN Trucks unmatched expertise in providing solutions to their construction & bulk transport needs.

We look forward to leverage MAN Trucks expertise in transport solutions with our wide network in semi urban and rural areas to provide attractive financial solutions to our customers added Mr. R Madhusudan, GM - MSME Wing, Canara Bank.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 15 2015 | 8:16 PM IST

Next Story