Indian Bank Ltd has signed an agreement with Tata Motors Passenger Vehicles Ltd (TMPVL) and Tata Passenger Electric Mobility Ltd (TPEML) to provide inventory financing solutions to their authorised dealers for electric as well as other passenger vehicles.
The PSU lender will provide the two wholly-owned subsidiaries of Tata Motors Ltd with inventory financing solutions through its digital SCF (supply chain finance).
Last month, Indian Bank entered into a similar pact with Maruti Suzuki Ltd.
