Private sector lender Federal Bank has joined hands with Tata Motors whereby the bank would be offering finance to al Tata Motors' commercial vehicles.
"We see vast opportunities in servicing our SME customers through this relationship," said Mr P.C. John, Executive Director, Federal Bank.
The bank said that it is more of a strategic alliance between two major entities. While the bank holds a branch count of 823, the vehicle provider holds 60% market share in the commercial business domain.