J&K Bank, Tata Motors Sign Pact

Srinagar- Jammu and Kashmir Bank Thursday signed a Memorandum of Understanding (MoU) with Tata Motors, India’s leading commercial vehicle manufacturer, at its Corporate Headquarters here.

As per the agreement, J&K Bank will be preferred financer for Tata Motors Limited for financing all variants of commercial vehicles manufactured and marketed by them.

President Anil Deep Mehta signed the MoU on behalf of the J&K Bank while Vice President Sales & Marketing Rajesh Kaul put in his signatures for Tata Motors in presence of Chairman and Managing Director J&K Bank RK Chhibber. Bank’s Executive President Arun Gandotra, other senior officials from Bank and Tata Motors were also present on the occasion.

Asserting that Jammu and Kashmir has a huge potential to attract big corporates for investing in wide ranging business opportunities in the region, the CMD affirmed that J&K Bank is always on look-out for business collaborations for the benefit and convenience of its customers.

“As partnering with big and quality brands remains at the centre of J&K Bank’s strategic planning vis a vis customer gratification, we see arrangement with Tata Motors as an opportunity to ensure consistency in availability of wide-ranging and top quality end-to-end financial solutions to our customers. The MoU will enable customers to a premium go-to-market package - J&K Bank’s highly customized financial solutions blended with varied options of commercial vehicles provided by Tata Motors,” Chhibber added.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.



Leave a Reply

Your email address will not be published.