ING Vysya Bank Partners with Hyundai Motors India for Retail Financing

ING Vysya Bank has entered into an agreement with Hyundai Motors India (HMIL) to provide retail financing facilities to HMIL's customers. This pact will enable both firms to leverage each other's strengths and offer car loans and schemes to customers across India. The partnership will utilize HMIL's customer database to provide financing options through all the branches of ING Vysya Bank. This collaboration is expected to benefit both companies, allowing them to cross-sell Hyundai vehicles along with the bank's car loans and schemes.

Key Takeaways:

• The partnership between ING Vysya Bank and Hyundai Motors India aims to provide retail financing facilities to HMIL's customers.
• The agreement will cover financing options through all the branches of the bank in India.
• The partnership will enable both firms to leverage each other's strengths and offer car loans and schemes to customers.
• ING Vysya Bank, incorporated in 1930, is one of the leading banks in India.
• ING Vysya Bank has a presence in over 5 countries, employs over 1,20,000 people, and serves 75 million customers globally.
• Dutch banking giant ING took over the management of the bank in 2002 and the name was changed to ING Vysya Bank.

Statistics:

• ING Vysya Bank has a presence in over 5 countries.
• The bank employs over 1,20,000 people.
• ING Vysya Bank serves 75 million customers globally.
• The bank has a long history, dating back to its incorporation in 1930.
• ING Vysya Bank became the largest private sector bank in 1985.

Sources:

• Accord Fintech
• Contify.com