Honda Siel ties up with SBI

Honda Siel Cars India announced on Friday that it has entered into a finance programme with the country's largest lender, State Bank of India(SBI).Under the agreement, SBI has approved a line of credit for financing HSCI dealers under the Electronic Dealer Finance Scheme(e-DFS). HSCI and SBI already have a retail finance agreement, under which SBI provides automobile loans to Honda customers at competitive rates. According to Mr. Manas Kumar Nag, Chief General Manager, SME BU, Corporate Centre, Mumbai," This agreement will further give us the opportunity to provide our customers more value-added services at competitive rates, and expose them to our various offerings."(BL 02.10.2010)