Mumbai, January 29, 2013: Shriram Automall India, a subsidiary of Shriram Transport Finance Company, has announced its tie-up with India’s largest public sector bank, State Bank of India. Under the agreement, State Bank of India will initially avail the service provider’s parking facility for farm equipment. The association will further strengthen as the bank is also likely to benefit with the other services provided by the Automall like warehousing, valuation, assistance in disposal of vehicles, refurbishment of vehicles and searching of title documents of the assets.
“The tie-up, a partnership between India’s leading service provider for pre-owned vehicles and equipment and the largest Indian public sector bank is with the objective of bringing more automobile and heavy equipment clientele to Shriram Automall, along with bringing faster and transparent collection efficiencies for SBI,” said Sameer Malhotra, chief executive officer of Shriram Automall India.