DCB Bank partners with TVS Credit Services

DCB Bank has announced a business alliance with TVS Credit Services, part of TVS Group. 

Initially, the alliance would focus on car loans and overtime expand step-by-step to other retail loans and banking products. 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 Stock Market Trading Tips

This business alliance is expected to help DCB Bank 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 plus offices and 3,000 plus points of presence. 

"This alliance is basically a dovetailing of interest of two entities. While we have branch network of 160, we have a small presence in south India. Through this multi-product alliance, we would be able to leverage TVS's reach and customer base in the four southern states (Tamil Nadu, Karnataka, Telangana and Andhra Pradhesh)," Praveen Kutty, Head - Retail & SME Banking, DCB Bank said Himanshu Tiwari Astrologer Blog

TVS Credit Services has serviced more than a million customers.