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Bank of India in pact with Philips

CHENNAI: Bank of India and Philips Electronics India (PEIL) have signed a memorandum of understanding under which Bank of India will offer personal loans to individuals intending to buy consumer products such as colour televisions, audio systems, LCD/CRT monitors and Philishavers manufactured/marketed by PEIL. The scheme will be implemented through all the branches of BOI and the PEIL distribution network.

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