ICML sings MoU with IDBI Bank for car loans

IDBI Bank and passenger car business unit of International Cars & Motors Limited (ICML) have entered into a Memorandum of Understanding (MoU) for providing Auto Finance to customers of ICML. The MoU was signed by Aloke Sengupta, CGM - Personal Banking Group - North, IDBI Bank Ltd and Akshay Sangwan, CEO, ICML.

Under the scheme, ICML and its dealer network will collaborate with IDBI Bank Ltd. for the purpose of “Retail Activation” in order to facilitate vehicle financing business. The MoU will facilitate prospective customers of ICML to avail vehicle finance from IDBI Bank on attractive terms. The Bank would extend financing facilities to eligible customers for purchasing Multi Utility Vehicle of ICML ‘Extreme’.