Bengaluru, 19th January 2023: Union Bank of India today entered partnership with M/s. Tata Hitachi Construction Machinery Company Private Limited (Tata Hitachi) for extending Equipment Finance to the Customers of Tata Hitachi. Under the partnership, Union Bank of India and Tata Hitachi have mutually agreed to pool their resources together and be associated with each other for mutual benefits. The wider reach of the Bank will help both Union Bank of India and Tata Hitachi to extend the best offering to the buyers of Tata Hitachi across the country and to increase the Bank’s portfolio under Equipment Finance.
(The Memorandum of Understanding (MoU) was signed at Bengaluru by Shri Alok Kumar, Field General Manager, Bengaluru, Union Bank of India and Shri K Somaskandan, Chief Financial Officer, M/s. Tata Hitachi Construction Machinery Company Private Limited. Shri Raghavendra Maravapalli, Head of Sales Administration, Tata Hitachi also present at the occasion.