Kochi, October 19, 2023: CSB Bank has signed a Memorandum of Understanding (MoU) with Tata Motors, India’s largest commercial vehicle manufacturer, to offer customised financial solutions for dealers in the Commercial Vehicle segment. The partnership will enable the network of Tata Motors’ dealers to get access to flexible and specialized financial schemes to enhance their operations.
Commenting on the partnership, Mr. Narendra Dixit, Head – Retail Banking & Group Head, CSB Bank, said, “We are thrilled to have partnered with Tata Motors, a prominent name in the automotive industry. Through this association, dealers will be able to access attractive financing solutions offered by CSB Bank and further enhance their business. We also believe this collaboration will expand the spectrum of options available to dealers and enhance the efficiency and competitiveness of their network partners.”
Commenting on the announcement, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, “As India’s leading mobility solutions provider, Tata Motors offers holistic proposition to all its customers. We are delighted to join hands with CSB Bank to offer tailored financing solutions to our commercial vehicle dealerships and our customers. Together, we are committed to make the path to commercial vehicle ownership smoother, empowering our customers’ business. We are confident that our collaboration with CSB Bank will ensure a seamless, unparalleled experience for our customers.”
Furthermore, CSB Bank is introducing customer-centric retail plans, offering the commercial vehicle customers the flexibility to choose from a wide range of products through a seamless digital process, aligning with both institutions’ commitment to innovation and convenience.
About CSB Bank:
CSB Bank is one of the oldest private sector banks in India with an existence of over 100 years. While the bank has a long operating history as a traditional bank, it is currently focusing on implementing strategic changes in business model to function efficiently like a full-service new age private sector bank. CSB Bank has a strong base in Kerala along with significant presence in Tamil Nadu, Maharashtra, Karnataka and Andhra Pradesh. The bank offer a wide range of products and services to our overall customer base of 2.1 million, with particular focus on SME, Retail, and NRI customers. Bank delivers products and services through multiple channels, including 706 branches and 540 ATMs/CRMs spread across the country and various alternate channels such as micro ATMs, debit cards, internet banking, mobile banking, point of sale services, and UPI.
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