DICV accomplices with 18 banks, NBFCs to offer financing choices to clients.

 

DICV accomplices with 18 banks, NBFCs to offer financing choices to clients.

The organization said it has marked Memoranda of Understanding (MoUs) with banks and NBFCs (Non-Banking Financial Companies), including ICICI Bank, State Bank of India, Bank of Baroda, Axis Bank, IndusInd Bank, Sundaram Finance, YES Bank and Mahindra and Mahindra Financial Services. 

New Delhi: Daimler India Commercial Vehicles (DICV) on Tuesday said it has banded together with 18 driving banks and NBFCs to offer clients financing choices for its vehicles. The organization said it has marked Memoranda of Understanding (MoUs) with banks and NBFCs (Non-Banking Financial Companies), including ICICI Bank, State Bank of India, Bank of Baroda, Axis Bank, IndusInd Bank, Sundaram Finance, YES Bank and Mahindra and Mahindra Financial Services. 

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Furthermore, the organization has gone into comparative MoUs with Equitas Small Finance Bank, Tata Capital Financial Services, Shriram Transport Finance, SREI Equipment Finance Ltd, PKF Finance, Federal Bank, IDFC First Bank, J&K Bank, AU Small Finance Bank Ltd and Karnataka Bank. 

Sufficient money plans have for some time been a vital test for the CV business and the effect of COVID-19 has made it considerably more hard to make sure about advances. The associations will convey more noteworthy financing adaptability and comfort, the organization said in an articulation. 

Remarking on the turn of events, DICV CEO and Managing Director Satyakam Arya said:"As numerous CV clients are at present confronting financing obstacles, MoUs, for example, these add generous decision and worth." 

He further stated: "These serious financing arrangements will assist our clients with developing their business." 

DICV's transition to sign MoUs with banks the nation over is in accordance with BharatBenz's client driven methodology and obligation to giving an issue free purchasing experience. New and existing clients will appreciate consistent help from these banks and NBFCs, the organization said. 

As a feature of the MoUs, the banks will assess the monetary requirements of the purchaser and create suitable financing bundles. Daimler's own hostage financing brand, Daimler Financial Services India, will likewise keep on giving money alternatives to clients, the assertion said.

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