The tie-up was signed in the presence of Sri Arvind Saxena, Sr. VP, Marketing & Sales, Hyundai Motor India Ltd and Sri A K Jagannathan, Managing Director, State Bank of Travancore. According to the MoU, HMIL will help both the partners to reach out to wider market and make loans convenient and easy to finance. The automobile company also has strategic tie-ups with Syndicate Bank, Bank of India, Punjab National bank, Canara Bank, Bank of Baroda and Corporation Bank.