Excelsior Correspondent
JAMMU, May 16: J&K Bank here today organised an interaction programme with leading automobile dealers of Jammu to strengthen its vehicle finance business and enhance coordination with dealership partners across the region.
The interaction was attended by General Manager (Retail, Agriculture and MSME) Rakesh Magotra, General Manager and Divisional Head (Jammu) Ashok Gupta and senior officers of the Bank, while the delegation of dealers was led by Chairperson of the Federation of Automobile Dealers Associations (FADA) Sanjay Aggarwal.
Representatives of several automobile dealerships, including Jamkash Vehicleades, Jammu Motors, Shree Toyota, AM Group, Peaks Auto, NSF, IJM Toyota, Fairdeal Motors and Astro India, participated in the programme.
The discussions focused on expanding vehicle finance business, improving customer experience and ensuring faster and seamless financing solutions for buyers.
Addressing the participants, General Manager (RAM) Rakesh Magotra said the automobile sector plays an important role in the retail economy and offers strong opportunities for mutually beneficial growth.
He reiterated the Bank’s commitment towards providing responsive services, quicker credit delivery and customer-friendly financial solutions.
During the interaction, the dealers were informed about various features of the Bank’s car loan products, including competitive interest rates starting from 7.70 per cent, repayment tenure up to 84 months, flexible eligibility norms, family income pooling facility and financing for insurance premium, registration charges and accessories.
The participating dealers appreciated the initiative and termed the interaction useful for strengthening business ties and improving coordination.
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