Financial Daily from THE HINDU group of publications
Saturday, Sep 18, 2004
Financial Daily from THE HINDU group of publications Saturday, Sep 18, 2004 |
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Alliances & Joint Ventures Money & Banking - Public Sector Banks Agri-Biz & Commodities - Farm credit Canara Bank ties up with New Holland for tractor finance Our Bureau
Bangalore , Sept. 17 NEW Holland Tractors (India), part of CNH Global N.V., has tied-up with Canara Bank to offer attractive finance schemes for its customers. Under the scheme, named Canara Bank-New Holland Tractor Finance Scheme, farmers can avail a flat rate of interest of 10.75 per cent for the loans to purchase a New Holland Tractor. The loan is repayable in instalments spread up to nine years. Mr Girish Sachdeva, Director Marketing, New Holland Tractors India, said, "Karnataka is slated to play an important role in our national expansion plans this year. This scheme would fuel the New Holland Tractor preference across the State with a simpler and cheaper loan from Canara Bank ," he added. Canara Bank, with 2,447 branches spread over 22 States and four Union Territories, could provide an outreach for the tractor company. The scheme entails two years warranty along with a discount of Rs 3,000. The scheme would be available through all Canara Bank branches across the country. .
More Stories on : Alliances & Joint Ventures | Public Sector Banks | Farm credit | HCV/LCV/Tractors
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