Ashok Leyland, KVB ink deal

Karur Vysya Bank Ltd has inked an agreement with Ashok Leyland Ltd for financing the latter's new medium and heavy commercial vehicles.

The terms of arrangement include financing 85 per cent of the on-road cost of the vehicle at concessional rate of interest and flexible repayment terms.

“This would be available to educational institutions and transport operators ,” the bank's Chief Executive Mr K. Venkatraman said.

lnr@thehindu.co.in