PNB, Tata Motors Finance join for shared commercial vehicle sourcing

21 Aug 2023 CW Team

Punjab National Bank (PNB) entered into a memorandum of understanding with Tata Motors Finance Solutions. The purpose of this understanding is to collaborate on the financing of commercial vehicles. According to PNB's statement, the arrangement for co-sourcing aims to offer uncomplicated and smooth financing options to fleet owners and operators of commercial vehicles. This initiative also aims to facilitate the growth and expansion of MSME businesses across various regions.

The signing of the memorandum of understanding took place between Atul Kumar Goel, Managing Director, PNB, and Samrat Gupta, Managing Director, Tata Motors Finance Solutions.

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