Chennai, Nov 3 (UNI) CV makers Ashok Leyland, the Indian flagship of the Hinduja Group, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) for dealer financing.

Under this partnership, the Bank will provide competitive dealer finance options to the Medium and Heavy Commercial Vehicle (MHCV) dealers of Ashok Leyland.

The MoU was signed by K. M. Balaji, Chief Financial Officer, Ashok Leyland, and Amitabh Rai, General Manager, PNB in the presence of senior officials from both organisations.

Under this partnership, the bank will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs.

The initiative will help strengthen the dealer network by providing easy and flexible access to credit, enabling busi

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