Chennai – In order to enhance its customer experience, Indian Bank partnered with Tractors and Farm Equipment Limited (TAFE) and TAFE Motors and Tractors Limited (TMTL), leading OEMs of tractors in India, for tractor financing, in the presence of Imran Amin Siddiqui, Executive Director of Indian Bank. The tie-up would allow farmers and other individuals to avail of tractor loans at affordable interest rates, with the benefit of hassle-free loan processing.
The interested buyer can avail tractor financing benefits from over 5700 branches of Indian Bank spread across India.
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 crores in this FY2023-24.”
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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; Narendra Kumar Sharma, GM, MSME and Saurabh Dalmia, Vertical Head (CMS) of Indian Bank were present during the occasion.
