Ashok Leyland Ltd., flagship of the Hinduja Group, and YES Bank Ltd signed an MOU (Memorandum of Understanding). Under this MoU, YES Bank will extend retail financing to customers of Ashok Leyland’s commercial vehicles. With this tie-up, Ashok Leyland will be able to leverage the extensive branch network and customer reach of YES Bank and will provide more efficient and effective service to its customers.
The MOU was signed by Mr. Nipun Jain, President & Head, Yes Bank Ltd. and Mr. K. Ram Kumar, Special Director – Finance, Ashok Leyland Ltd.
Speaking on the occassion, Mr. Gopal, Chief Financial Officer, Ashok Leyland Ltd. said “We are delighted with this tie-up as our customers will greatly benefit from increased options for financing and YES Bank’s extensive network and reach.”