Public lender, Union Bank of India has signed a memorandum of understanding (MoU) with Hyundai Construction Equipment India Ltd for equipment financing for customers of Hyundai.
The bank said, Under the partnership, Union Bank of India and Hyundai have mutually agreed to pool their resources together and be associated with each other for mutual benefits.
The wider reach of the Bank will help both Union Bank of India and Hyundai to extend the best offering to the buyers of Hyundai Equipment across the country and to increase the Bank’s portfolio under Equipment Finance, it added.
The Memorandum of Understanding (MoU) was signed at Pune by Shri Rajib Lochan Pattanayak, Field General Manager, Pune, Union Bank of India and Shri Jin Seong Park, Managing Director, Hyundai Construction Equipment India Pvt. Ltd.