OREANDA-NEWS. October 24, 2012. Central Bank of India signed Memorandum of Understanding (MoU) with Bajaj Auto Limited to provide finance for customers who intend to buy the Bajaj's Auto Rickshaws. The MoU was executed by Dr. Ram S Sangapure, General Manager-Retail Banking, Central Bank of India and Sri R.C. Maheswari, President CV, Bajaj Auto Limited.

Sri Mohan V Tanksale, CMD, Central Bank of India while welcoming the Bajaj Auto Limited, emphasized that this initiative is value addition for customers and assured hassle free service at all the 4000 Plus branches throughout India particularly in Rural and Semi Urban/Urban areas where abundant potential is existing for gainful employment through financing the Auto Rickshaws.

On signing the MoU in Mumbai, Bajaj Auto Limited's President CV said "We are glad to partner with one of India's Trusted Financial Institution i.e., Central Bank of India." Commenting on the development, Dr. Ram Sangapure, General Manager - Retail Banking, Central Bank of India said that this association will help both the partners to reach out to customers and make auto loans convenient and easy for prospective owners.