Allahabad Bank joins hands with Suzuki Motorcycle

February 16th, 2009 - 9:34 pm ICT by IANS  

Kolkata, Feb 16 (IANS) City-based public sector lender Allahabad Bank Monday signed an agreement with two-wheeler maker Suzuki Motorcycle India for financing of Suzuki two-wheelers under ‘AllBank Mobike’ scheme.

Under the scheme, the bank will provide loans to two-wheeler buyers at discounted rates, Allahabad Bank chairman and managing director K.R. Kamath said.

“This association with Suzuki Motorcycle will create enormous scope for the bank in the area of financing of motorcycles, increasing bank’s retail credit portfolio and client base,” he added.

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