J&K Bank ties up with Maruti Suzuki

SRINAGAR: Jammu and Kashmir Bank today said it has entered into an agreement with Maruti Suzuki India Ltd (MSIL) to finance the latters' customers.

The MoU to this effect was signed by President of the Bank G A Regoo and MSIL Chief General Manager R S Kalsi in the presence of the bank's Executive Director A K Mehta here, according to a statement by the bank.

On the pact Mehta said:"such pacts provide companies like J&K Bank and Marauti opportunities to serve their customers better... This tie-up will open new vistas for both the companies".

"As per the scheme modalities, MSIL and its dealer network will collaborate with J&K Bank to facilitate vehicle business," Regoo said.