Corporation Bank in pact with Piaggio


Corporation Bank has signed a memorandum of understanding (MoU) with Piaggio Vehicles Pvt Ltd for financing commercial vehicles of Piaggio.

A bank release said here that the tie-up would provide the bank as the preferred financier for Piaggio commercial vehicles. The bank would offer financing facilities to the eligible customers through its branches.

Quoting Ajai Kumar, Chairman and Managing Director of the bank, the release said that the bank is in the forefront of offering value-added and innovative products and services to its customers. The tie-up with Piaggio is one more step in this direction.

K. Ramamurthy, General Manager of the bank, and Praveen Nagpal, Vice-President, Retail Finance of Piaggio Vehicles Pvt Ltd, signed the MoU in Mangalore on Tuesday.