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Wednesday, May 12, 2004

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Money & Banking - Consumer Finance


J&K Bank, Bajaj Tempo in pact

Our Bureau

NEW DELHI: Jammu and Kashmir Bank and Bajaj Tempo Ltd (BTL) have signed a memorandum of understanding through which the latter has nominated the bank as its preferred financier for financing purchaseof three-wheelers and four-wheelers.

Under this arrangement, a scheme "J&K Bank- BTL Transport Operator" has been carved out to offer financing facilities to eligible customers through the branches of J&K Bank and the locations of BTL dealers.

BTL dealers will offer promotional incentives to the customers financed by J&K Bank

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