Bangalore: Vijaya Bank announced on Tuesday that it has signed a Memorandum of Understanding (MoU) with Hyundai Motor India Ltd. (HMIL) giving it the status of a “preferred financier” for financing the purchase of Hyundai cars. The MoU covers financing the purchase of Hyundai passenger cars through the bank's network of 1,169 branches, according to a release issued by the bank.
The MoU was signed by K. Jayakar Shetty, General Manager, Vijaya Bank, and Arvind Saxena, Director, Sales and Marketing, HMIL.
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