NE AGRICUTURE BUREAU
CHENNAI, JULY 18
In a move to enhance its customer experience boost farm mechanization such as tractors, public sector lender Indian Bank on Tuesday partnered with TAFE and TMTL, leading OEMs of Tractors in India, for financing tractors, in the presence of Imran Amin Siddiqui, Executive Director of Indian Bank. The tie-up would allow Farmers and Other Individuals to avail Tractor loan at affordable interest rates, with the benefit of hassle-free loan processing.
The interested buyer can avail tractor financing benefits from 5,700+ branches of Indian Bank spread across the country.
- The tie-up would allow Farmers and Other Individuals to avail Tractor loan at affordable interest rates, with the benefit of hassle-free loan processing
- We are expecting for a sanction of Rs 500 cr in this FY 2023-24: V Chandrasekaran, General Manager, Rural Banking /SLBC/RRB, Indian Bank
Speaking on the occasion V Chandrasekaran, General Manager, Rural Banking /SLBC/RRB, Indian Bank said, “The association with TAFE and TMTL will allow us to provide quick and hassle free financing to a large number of our customers across the country. Indian Bank has a strong presence across the country. We are expecting for a sanction of Rs 500 cr in this FY 2023-24”.
Elaborating on the tie-up, Parameswara Reddy Devi, Chief Financial Officer, TAFE and TMTL said, “The collaboration with Indian Bank helps to provide all TAFE and TMTL customers with simpler financing options, as well as a best-in-class ownership experience and assistance”.
Mani Subramanian, GM, Rural Banking and Narendra Kumar Sharma, GM, MSME and Saurabh Dalmia, Vertical Head (CMS) were present during the occasion.
