Central Bank in pact with Hyundai for vehicle financing

MUMBAI: Public-sector lender, Central Bank of India has entered into an agreement with Hyundai Motor India to provide cheaper finance to the latter's clients.

Central Bank will extend loans at attractive rates to Hyundai's customers to purchase all range of vehicles, the bank said in a release.

The bank has 3,541 branches and 218 extension counters pan-India.

Central Bank General Manager B N S Ratnakar signed the agreement with Hundai Senior Vice-President (Marketing & Sales) Arvind Saxena.