Ashok Leyland inks pact with YES Bank

Hinduja Group flagship company Ashok Leyland has signed an agreement with private sector YES Bank for offering retail finance to customers purchasing commercial vehicles.
"With this tie-up, Ashok Leyland will be able to leverage the branch network and customer reach of YES Bank and will provide more efficient and effective service to its customers," the commercial vehicles maker said in a statement.
Ashok Leyland's Special Director (Finance) K Ram Kumar exchanged documents with President and Head of Yes Bank Nipun Jain at a function held recently.
"We are delighted with this tie up as our customers will greatly benefit from increased options for financing and YES Bank's extensive network and reach," Ashok Leyland CFO Gopal said.