DCB Bank and TVS Credit Services announce Business Alliance for retail loans
Author(s): City Air NewsChandigarh, December 9, 2015: DCB Bank Ltd an emerging new-generation private sector bank has announced today a business alliance with TVS Credit Services Ltd., part of the well known TVS Group. Initially the...
cityairnews
Dec 9, 2015 12:30
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Chandigarh, December 9, 2015: DCB Bank Ltd an emerging new-generation private sector bank has announced today a business alliance with TVS Credit Services Ltd., part of the well known TVS Group.
Initially the alliance would focus on car loans and over time will expand step by step to other retail loans and banking products.
This unique business alliance is expected to help DCB Bank Ltd. build a quality loan book using the vast experience and expertise of TVS Credit Services Ltd.
TVS Credit Services is present in 16 states across 100+ offices. It has 3,000+ points of presence and 9,000+ employees. TVS Credit Services has serviced more than a million customers. This tie up is expected to generate steady fee income for the company and will augment the normal interest income from existing lines of business.
On this occasion DCB Bank Managing Director & CEO Mr. Murali M. Natrajan said, “It is a prestigious business alliance. We are delighted to work with TVS Credit Services. We are impressed with their market knowledge, expertise and business success. It is a unique arrangement and we believe it will deliver immense benefit to both entities in the years to come. This alliance is part of the strategy announced by us on October 13, 2015.
TVS Credit Services Ltd. CEO Mr. G Venkatraman said, “We have created an excellent approach and architecture that enables us to white-label retail products with strategic partners like DCB Bank. We are leveraging our strengths from being a semi-urban and rural player, having a tested technology platform and understanding of 3,000+ micro markets, to bring additional quality products for the customer.”
The alliance is aimed to leverage resources of DCB Bank, operational capabilities and reach of TVS Credit which will make the products more affordable to the end customers, he added.
Date:
Wednesday, December 9, 2015
