Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Federal Bank partners with Ashok Leyland

Posted On: 2021-09-26 17:04:03 (Time Zone: IST)


Federal Bank, India's leading Private Sector Bank has signed a Memorandum of Understanding (MoU), with Ashok Leyland, flagship of the Hinduja Group, the second largest commercial vehicle manufacturer in India with their complete range of BS6 vehicles.

The MoU was Signed by Mr. Harsh Dugar Group President, Federal Bank and Mr. Gopal Mahadevan Whole Time Director and CFO, Ashok Leyland. This MoU will enable both Federal Bank and Ashok Leyland to offer customised financial solutions to their customers. The Bank will work towards catering to the customers' needs through Commercial Vehicle loans with easy monthly repayment plans best suited for the customers. Moreover, the bank will leverage technology for enhancing customer experience.

Federal Bank with its 'Digital at the Fore and Human at the Core" mantra aims to become the Most Admired Bank of every stakeholder and the signing of the MoU with Ashok Leyland is a step towards this end.

Speaking on the partnership, Mr. Harsh Dugar, Group President, Federal Bank said, "In our Bank, funding to Commercial Vehicles is offered through dedicated RMs and wide network of branches. We always try to offer customised solutions to the end user along with attractive commercials combined with faster turnaround. With this partnership, we will be able to offer our financial solutions by leveraging the bank's extensive physical and digital reach to the customers of Ashok Leyland and its dealers".

Ashok Leyland today offers a comprehensive range of trucks and buses catering to an entire gamut of day-to-day commercial vehicle needs - from intercity light commercial vehicle to 49-tonne long haul trucks and wide range of buses, to safe transport and driver-friendly choices.

Commenting on the partnership, Mr. Gopal Mahadevan, Whole Time Director and CFO, Ashok Leyland said, "Ashok Leyland is delighted to partner with Federal Bank to offer customised financial solutions to its customers. This association will help Ashok Leyland gain an edge in the market. Ashok Leyland products come with differentiated technology that offer our customers best-in-class total cost of ownership, thereby providing profitability to their business. Ashok Leyland has embraced future-ready technology to offer digital platforms and services that are ahead of the curve, thereby living by its brand promise of 'Aapki Jeet. Hamari Jeet'."

Shares of Federal Bank Ltd. was last trading in BSE at Rs. 80.85 as compared to the previous close of Rs. 81.85. The total number of shares traded during the day was 694619 in over 3585 trades.

The stock hit an intraday high of Rs. 82.6 and intraday low of 80.6. The net turnover during the day was Rs. 56564334.

Shares of Ashok Leyland Ltd., was last trading in BSE at Rs. 127.4 as compared to the previous close of Rs. 128.8. The total number of shares traded during the day was 597342 in over 3791 trades.

The stock hit an intraday high of Rs. 129.9 and intraday low of 125.35. The net turnover during the day was Rs. 76085696.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Dr. Reddy's Laboratories launches Carmustine for Injection, USP in the U.S. Market

Karnataka Bank lays foundation stone for proposed Centenary Building

DOT approves Optiemus Group company's PLI scheme

HFCL Ltd arm gets approval for availing benefits under PLI scheme

Knowledge Marine & Engineering Works Limited purchases vessel TSHD Cauvery

SRF Ltd allots 23,69,80,820 Bonus Equity Shares

Steel Exchange India Limited board approves preferential issue of warrants, CCDs

Karnataka Bank gets new Chairman

California Software Company Ltd Q2FY22 consolidated PAT at Rs. 2.68 crore

Radhika Jeweltech Ltd board to consider migration from SME platform

M M Forgings Limited to acquire Cafoma Autoparts Private Limited

L&T launches L&T EduTech

PTC India Financial Services Ltd announces expiry of tenure of Mrs. Pravin Tripathi

Shilpa Medicare raises over Rs. 297 crore from marquee investors

Metropolis Healthcare Ltd revises terms of acquisition of Hitech

AF Enterprises Ltd allots 10 lakh shares

Trident Group Commissions Solar Power Plant at Budhni, Madhya Pradesh

Ircon International Ltd bags contract for Rs. 11.74 crore

National Fertilizers Ltd appoints additional director

Rain Industries Limited arm completes upgradation project of cement plant

EKI Energy Services Ltd defers stake acquisition in Sustainplus Rise Pvt Ltd

Soma Textiles & Industries Limited announces resignation of CFO

Balu Forge Industries Ltd executes agreement with Hilton Metal Forging Ltd

Moschip Technologies unveils Multi-Protocol long range 8G SerDes PHY in 28nm

Eco Recycling Ltd Q2FY22 consolidated net profit slides QoQ

Ind-Ra affirms rating of PNB Gilts Ltd

Capital India Finance Ltd receives approval for inward crossborder money transfer

Kotak Partners India SME Forum to Give a Boost to Indian Exports

Dixon Electro Appliances, received approval under PLI scheme of Government of India

HCL Technologies to evolve Long Term Incentive Plan, replacing portion of Cash Compensation with RSUs

Lloyds Steels Industries Ltd appoints additional director

Grasim Industries Limited announces resignation of Shri Vipin Anand

HCL Technologies Ltd board declares interim dividend of Rs. 10 for FY22

Shilpa Medicare Limited approves preferential allotment to investors

Lloyds Steels Industries Limited board approves preferential allotment, capacity expansion

Indiabulls Real Estate Ltd consolidated Q2FY22 net profit at Rs. 5.53 crore

Den Networks Ltd Q2FY22 consolidated net profit slips QoQ to Rs. 39.39 crore

Mahindra CIE Automotive Ltd consolidated Q3CY21 PAT at Rs. 166.32 crore

NBCC India secures total business of Rs. 2100.96 crore in September, 2021

Shri Gudey Srinivas appointed as Government Nominee Director in BPCL

Dhruv Consultancy Services Ltd receives LOA for consultancy services

Hero MotoCorp launches the new Xtreme 160R Stealth Edition

Godawari Power and Ispat Ltd fixes Oct 27, 2021 as record date for stock split, bonus issue

NR Agarwal Industries Ltd approves asset sale to Shree Ajit Pulp and Paper Ltd

Danlaw Technologies India Ltd announces resignation of MD

Inox Wind Ltd reports consolidated loss of Rs. 57.26 crores in Q2FY22

Golkonda Aluminium Extrusions Ltd posts Rs. 24.4 lakhs PAT in Q2 FY2021-22

Benares Hotels Ltd Q2FY22 PAT rises to Rs. 48.47 lakhs

Radhe Developers India Ltd Q2FY22 net profit at Rs. 9.11 crore

HCL Technologies Ltd posts consolidated PAT of Rs. 3259 crores in Q2FY22


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020