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M&M & KVB in pact for SUV loans

, April 11, 2012, 0 Comments

Tractor and SUV manufacturer Mahindra & Mahindra Ltd,  and Karur Vysya Bank [stockquote]KARURVYSYA[/stockquote] (KVB) has entered into pact for financing the vehicles.The deal will explore synergies between two companies in which each have very strong foothold.  M&M has more than 250 dealers network and KVB has wide reach through its more than 450 branches will leverage each others strength.

Today Stock of M&M closed at Rs. 692 and Karur Vysya Bank at 390 up 3.72% on NSE.