Bank of Maharashtra organises Car Dealers Meet

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Pune, July 28, 2017: Bank of Maharashtra, one of the oldest public sector banks in the country, recently conducted a Car Dealers Meet across the country. The Car Dealers Meet was held to expedite the process of sanctioning car loans and effectively reaching out to its target audiences. Close to 50 car dealers were present at the event, along with Bank of Maharashtra’s general managers, marketing officers and zonal heads of the Pune Zone of the bank. Earlier this year, the Bank had organised a week-long, pan-India ‘Car Loan Fest’ which also received encouraging response from car dealers.


On the occasion, Shri. A.C. Rout, Executive Director, Bank of Maharashtra said, “We received an overwhelming response from the ‘Car Loan Fest’ organised by the bank, and believe delivering sanctions our valued clients in a span of just 48 hours will help us strengthening our association as business partners. We are continuously reaching out to car dealers across the country, and this Meet is also an initiative to achieve this end.”


Shri. R.K. Gupta, Executive Director, Bank of Maharashtra added, “We at Bank of Maharashtra have decided to focus on the retail segment, and along with housing loans, vehicle loans form an important part of our portfolio. We offer competitive interest rates with minimal processing fees, and are sure that with our offerings, this scheme will be very popular amongst car buyers. For our existing housing loan borrowers, the concession in the rate of interest is to the tune of 0.25 per cent.”


During the meet, queries from dealers were answered with detailed information regarding the modality of the scheme by Bank of Maharashtra’s credit department.