One amongst the leading public lenders in India, Oriental Bank of Commerce (OBC) has entered into an agreement with the largest car maker, Maruti Suzuki India Ltd. in order to advertise the loan offered by the bank.

The memorandum of understanding (MOU) signed between the two entities states that Maruti will publicize bank's loan scheme amongst its customers and further forward them to the bank to avail hassle-free credit.

Both OBC and Maruti Suzuki feel that this agreement would prove helpful in augmenting their business at a time when the auto industry is facing a major slowdown.

The pact was signed by Chief General Manager (Sales) of Maruti Suzuki India Ltd, Mr. R.S. Kalsi and General Manager (RDRPSC) of the bank, Mr A.K. Tangri.

Meanwhile Chairman and Managing Director of Oriental Bank of Commerce, Mr. Alok K. Misra and Executive Directors, Mr. H. Rathnakara Hegde and Mr. S.C. Sinha were also present at the occasion.

At the same time, the bank is on continuous drive to expand its presence in different parts of the country. Recently the bank has opened five new branches in Orissa and had also declared o strengthen its existence in North India.