CSB Bank enters into partnership with Daimler India Commercial Vehicles for vehicle-financing program

CSB Bank Ltd has announced its strategic partnership with Daimler
India Commercial Vehicle (DICV) to offer specialized vehicle-financing solutions. This collaboration
marks a significant step towards offering enhanced support to dealerships and customers, while
fostering growth and innovation within the sector.
The bank has signed Memorandum of Understanding with DICV, under which the bank will provide
tailored financial solutions to dealers and an array of lending choices to retail customers and
contractors.
This partnership will further allow DICV to expand its range of financing options and provide
customers with greater flexibility and choice. With the combined strength of CSB Bank and Daimler
India, the network expansion and stock availability can be assured to meet customer demand on
time. Dealerships will have financial stability to procure BharatBenz trucks from DICV and increase
customer satisfaction.
Mr. Narendra Dixit, Head-Retail Banking, CSB Bank, said, “We are excited to join hands with
Daimler India Commercial Vehicles, an industry leader, renowned for its commitment to excellence.
This association is another step by the bank in our ongoing commitment to elevate the banking
experience for our valued customers. This partnership will enable the bank to grow its portfolio of
assets and extend its reach into previously untapped consumer segments. I am sure our shared
dedication will pave the way for continued advancement and triumph of the commercial vehicle
sector.”
Mr. Sreeram Venkateswaran, President & Chief Business Officer, Sales and Customer Service,
Daimler India Commercial Vehicles said, “Our partnership with CSB Bank aims at enhancing the
offerings for BharatBenz customers by providing simpler and tailored financing options. The
partnership with CSB will significantly strengthen our position in the core CSB markets. We are
confident that this partnership will make it easier for commercial vehicle operators, to own and
become more competitive with our BharatBenz trucks.”