IDBI Bank in pact with Maruti for car loans

State-owned, IDBI Bank has entered into a pact with Maurti Suzuki to provide auto finance to the latter's customers.
    
Under the tie-up, the bank would extend financing facilities to eligible customers for MSIL cars and multi-utility vehicles, a press release said.
    
The MOU will facilitate prospective customers of MSIL with vehicle finance at attractive terms.
    
The loan facility for MSIL prospective customer is extended up to seven years with maximum funding on 'on road price' and faster processing, it said.
    
IDBI Bank, which has 689 branches and 1145 ATMs, has a balance sheet size of Rs 1,88,183 crore as on September 30, 2009.