EDB, Maruti sign MoU for vehicle financing
GK NEWS NETWORK
Srinagar, July 21: Ellaquai Dehati Bank (EDB) signed a pact with Maruti Suzuki India Limited at Jammu today where-under the Bank shall finance the latter’s vehicles.
Chairman EDB, A K Razdan and Regional Manager (North-II) Maruti Suzuki India Limited put their signatures on the agreement.
On the occasion Razdan said: “The tie-up arrangement would work under the brand ED Bank–MARUTI Finance.”
He said the ED Bank being a “reputed” Regional Rural Bank (RRB) is giving wide range of services and financial products to it customers.
He said the Bank with its huge network of branches spread across the length and breadth of J&K is giving finance for purchase of motor vehicles. Notably, 80 per cent of its branches are in rural areas.
All India Head of Maruti Suzuki India Finance Limited Vikas Kohli assured that they will provide full support to the Bank for the success of the tie up arrangements.
Lastupdate on : Thu, 21 Jul 2011 21:30:00 Makkah time
Lastupdate on : Thu, 21 Jul 2011 18:30:00 GMT
Lastupdate on : Fri, 22 Jul 2011 00:00:00 IST
- MORE FROM BUSINESS
- 'JK industry contributes 80 pc to power revenue'
- No takers for reforms in SRTC
- EDB, Maruti sign MoU for vehicle financing
- JK Bank increases interface with customers
- Videocon d2h launches new channels
- `2 cr goods traded across LoC
- ‘Sangarmal shopping complex to boost Kashmir handicraft’
- Flair Pens Ltd holds dealers’ meet
- ‘Govt committed to thinning out of forces from IEs’
- Meeting discusses mobility plan for Srinagar City
GK NEWS NETWORK
Pattan July 21: Minister for Agriculture, Ghulam Hassan Mir today said the main focus of political endeavor should see the youth of J&K economically independent, politically empowered and socially More
- Srinagar City
Locals fear land mafia involvement, heritage lovers aghast, admin sleeps
Srinagar, July 21: At a time when the government claims to start heritage conservation on and around the Kohe-e-Mahan hill in the City, alleged encroachers have started "excavation" of the hillock which More
Jammu: Terming the policy of resettlement of militants based in Pakistan administered Kashmir (PaK) as ‘danger’ to the security of state, Jammu and Kashmir National Panthers Party (JKNPP) today decided More
- South Asia
PRESS TRUST OF INDIA
Islamabad, July 21: Pakistan has developed and inducted its first squadron of indigenously made Naval unmanned spy planes to be used for maritime interdiction operations in coastal areas. The UAVs More
Traders, entrepreneurs oppose power tariff hike proposal
GK NEWS NETWORK
Srinagar, July 21: The trade and industry bodies of J&K today strongly opposed the power tariff hike proposed by the government. At a joint press conference in Jammu, the representatives of traders More
Turabi endorses Geelani’s July 23 strike call
NISAR AHMED THOKAR
Islamabad, July 21: The outgoing prime minister of Pakistan Administered Kashmir and Muslim Conference president, Sardar Attique Ahmed Khan has voiced serious concern over the detention of Washington based More