In order to provide the loan facility to the customers Mahindra and Mahindra has decided to work with Canara Bank. According to a statement of the Mahindra and Mahindra (M&M) company and the bank has signed up an agreement and will work together. According to it the M&M customers can take car loan from any of the 4,600 branches of the bank.
Through this joint venture both the bank and the company will be able to grip each other vast network of 4,600 branches and 250 dealers respectively. The chief sales executive of the M&M reported that through this they are trying provide the best finance offers to their customers and chief manager of the Bank reported that this will help them to enhance their vehicle financing services.