Public sector lender, Vijaya Bank and Hyundai Motors India have entered into an agreement to mutually benefit both entities. The entities have signed a memorandum of understanding (MoU) for the same.

Arvind Saxena, Director, Marketing & Sales, HMIL and K. Jayakar Shetty, General Manager, Vijaya Bank signed the MoU on behalf of their respective organizations.

The occasion was also attended by Albert Tauro, Chairman & MD, Vijaya Bank and Smt. Shubhalakshmi Panse, Executive Director, Vijaya Bank.

Arvind Saxena said, With this association, we will be able to reach out to a wider consumer base with better and easier finance options. Also, the competitive rates and easily accessible locations of the bank will surely benefit our customers."

As per the agreement, both entities would focus on the vehicle financing business using the customer database of both. All branches of Vijaya Bank would be availing the benefits of the tie up.