IOCL and Indian Bank sign MoU to provide financial solutions to authorised dealers
This strategic partnership is expected to benefit the dealers of Indian Oil Corporation Ltd in raising working capital.
New Delhi: Indian Bank inked an MoU with M/s Indian Oil Corporation Ltd for providing channel financing solutions to their authorized dealers through our Supply Chain Finance program.
The MoU was exchanged in the august presence of our Executive Director Shri Ashutosh Choudhury, Shri Shashikant B Kalyani (Executive Director - in charge - Finance, IOCL), Shri Chakresh Kumar Jain (Executive Director - Finance, IOCL) and other senior officials by Shri Saurabh Dalmia (Vertical Head - Cash Management and SCF, Indian Bank) and Shri Sanjay Kumar Murarka (General Manager - Finance, IOCL).
This strategic partnership is expected to benefit the dealers of Indian Oil Corporation Ltd in raising working capital.
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