Oriental Bank of Commerce (OBC) has signed a Memorandum of Understanding (MoU) with Bajaj Auto Ltd to provide finance for customers who intend to buy the latter’s auto-rickshaws.
The MoU was exchanged between Atul Gautam, General Manager-Retail, OBC and Amit Dongre, Head Retail Finance, Commercial Vehicles, Bajaj Auto, in presence of Bhupinder Nayyar, Executive Director, OBC.
This loan will be available at all the 1,880-plus branches of this public sector bank.
It would particularly benefit people in rural and semi-urban areas where big potential exists for gainful self-employment by plying auto-rickshaws, Nayyar said.
