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Ashok Leyland has now tied up with Bank of Baroda for extending finance to the company’s end-customers and its dealers’ inventory. It will enable to utilise the bank’s comprehensive network and reach to service the value chain, from wholesale to retail.
According to a company source, with cost effective funding being the need of the hour, solutions offered by public sector banks like BoB would play a crucial role in helping the company’s dealers and customers.
Ashok Leyland has already entered into MoUs with leading banks like State Bank of India, State Bank of Patiala, J&K Bank and Corporation Bank.
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