Indian Bank has partnered with TAFE and TMTL, leading OEMs of tractors in India, to finance tractors. The tie-up allows farmers and other individuals to avail tractor loans at affordable interest rates, with hassle-free loan processing.
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. We are expecting to sanction Rs 500 crore in this FY 2023-24."
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."
Imran Amin Siddiqui, Executive Director of Indian Bank, Mani Subramanian, GM, Rural Banking, Narendra Kumar Sharma, GM, MSME, and Saurabh Dalmia, Vertical Head (CMS), were present at the occasion.