Shriram Automall India Limited (SAMIL) ties up with State Bank of India

Shriram Automall India Limited (SAMIL), a subsidiary of Shriram Transport Finance Company (STFC) has announced its tie-up with the country’s largest public sector bank, State Bank of India.
 
Jan. 29, 2013 - PRLog -- Mumbai; January 29, 2013: Shriram Automall India Limited (SAMIL), a subsidiary of Shriram Transport Finance Company (STFC) has announced its tie-up with the country’s largest public sector bank, State Bank of India. Under the agreement, State Bank of India will avail the service provider’s parking facility for Farm Equipments to start with. However, the association will further strengthen as the bank is also likely to benefit with the other services provided by the automall like ware housing, valuation, assistance in disposal of vehicles, refurbishment of vehicles and searching of the title documents of the assets.

“The tie-up, a partnership between India’s leading service provider for pre-owned vehicles and equipment and the largest Indian public sector bank is with the objective of bringing more automobile and heavy equipment clientele to Shriram Automall, along with bringing faster and transparent collection efficiencies for SBI”, said Mr. Sameer Malhotra, Chief Executive officer of Shriram Automall India Limited.

This tie-up with SBI represents yet another feather in SAMIL’s corporate tie-up cap and holds promising future for both the enterprises.
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Tags:Automall, Shriram Automall, Sbi, Tie-up, Stfc
Industry:Banking
Location:Mumbai - Maharashtra - India
Subject:Joint Ventures
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