Ashok Leyland ties up with IDBI Bank for channel financing partnership of dealers


PTI, Jun 22, 2023, 12:42 PM IST

Commercial vehicle maker Ashok Leyland on Thursday said it has partnered with IDBI Bank Ltd for channel financing partnership of its dealers.

The company has signed a Memorandum of Understanding (MoU) with IDBI Bank, under which the partners will offer customised financial solutions for dealers, Ashok Leyland said in a statement.

”With the combined strength of IDBI Bank Ltd and Ashok Leyland, the network of AL dealers will now have financing solutions to suit their needs using digital technology,” Ashok Leyland CFO Gopal Mahadevan said.

IDBI Bank Deputy Managing Director Suresh Khatanhar said its digital channel finance tool ‘e-Supply Chain Financing’ has been designed to meet the working capital requirements of authorised dealers and traders of the corporates.

”Our partnership will enable us to serve numerous businesses in India. Through the e-SCF tool, our goal is to provide a seamless financial support to Ashok Leyland’s dealers, fostering growth and resilience in the entire supply chain,” Khatanhar added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra polls: BJP rebel withdraws nomination from Udgir in support of NCP candidate

No one should be displaced over Waqf land issue in Kerala’s Munambam, says CPI

Non-performance of batters is worrying, we will strive to do something special in Australia: Rohit

K-Rail can be implemented if technical issues in design addressed, says Centre

Naxalism will be wiped out from country by March 2026: Home Minister Amit Shah

How biscuits played an unconventional yet key role in anti-terror operation in Srinagar

Koderma stone industry to be revived with Rs 500 cr special package: Shah

Related Articles More

Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum

Auto sales grow in mid-to-high single digits during Navratras, rural sales muted: Report

Car makers witness record sales on Dhanteras; Oct bookings up by 30%

State not empowered to frame rules for motor driving schools: HC

Delhi: Commercial vehicle owners may soon receive challans on WhatsApp

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Maharashtra polls: BJP rebel withdraws nomination from Udgir in support of NCP candidate

Tom Holland says he Googles partner Zendaya ‘to see if everything’s good’

No one should be displaced over Waqf land issue in Kerala’s Munambam, says CPI

India and China made ‘some progress’ in disengagement, says EAM S Jaishankar

Non-performance of batters is worrying, we will strive to do something special in Australia: Rohit

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.