Allahabad Bank, Ashok Leyland tie up

With a view to boost its commercial vehicle finance portfolio,Allahabad Bank has entered into a tie-up with Ashok Leyland Ltd. The Bank signed a memorandum of understanding with the company recently according to a press statement issued by the Bank. Under the tie-up , the Bank will become an accredited financier of the vehicles manufactured by Ashok Leyland and will offer quick and hastle-free financing facilities to its customers on easy terms, the release said.(BL20082010)