Current Affairs - Business - Discussion

Automobile manufacturer in India, Maruti Suzuki signed 'Preferred Financier' MoU(Memorandum of understanding) with public sector Bank, Bank of Baroda (BOB) to improve credit for dealership inventory financing. The alliance with Bank of Baroda will allow Maruti Suzuki an easy financing opportunity to dealers as well as customers. The dealer inventory financing will work in line with the Bank of Baroda's product program of Supply Chain Finance.