FedBank signs MoU with M&M

Mahindra and Mahindra (M&M) Limited, the automobile manufacturer and the Federal Bank, signed a memorandum of understanding (MoU) here on Friday. According to the officials of both the groups, the tie-up will help M&M customers to avail of the vehicle finance service offered by all the branches of Federal Bank across India. Besides, the tie-up will enable both M&M and Federal Bank to rely on the strength of each other’s vast network of over 250 dealer outlets and 999 branches across India.