The Indian business of General Motors (GM), a big name in the automobile industry has recently joined hands with the second largest public sector lender, Punjab National Bank (PNB) in order to ease the process of vehicle financing for its customers.

The two entities have signed a Memorandum of Understanding (MoU) wherein GM customers will find it a lot easier to get financing deals accomplished.

The agreement has been signed by Ankush Arora, Vice President, Sales, Marketing & after Sales, General Motors India and Sudeshna Sharma, General Manager (Retail), Punjab National Bank.

Expressing his views on the deal, Ankush said that GM is very excited regarding the partnership as PNB is a big name in the Indian business industry and is one of the largest banks of India. This deal would help its customers to get easy financing for GM's widely sought products.

Recent launches by the company in India have been the hatchback Beat and the premium sedan Cruze.

PNB has a network of over 4,900 branches across the country. The inception of these two big players will definitely help them leverage each other's resources.