Federal Bank signs MoU with TATA Motors

KOCHI: Kerala-based Federal Bank signed a Memorandum of Understanding (MoU) with the Tata Motors, for financing the Tata Motor’s commercial vehicles through an alliance partnership.Federal Bank executive director P C John and T Sanjay K Mishra, Regional Manager(South), TATA Motors, signed the MoU the other day.The Tata Motor’s commercial vehicle range extends from the two-tonne light trucks to heavy dumpers and multi-axle vehicles. “We see vast opportunities in serving our SME customers through this relationship,” P C John said.