In a bid to enhance its customer experience, Indian Bank partnered with TAFE and TAFE Motors and Tractors (TMT) to finance tractors. The buyer can avail of tractor financing benefits from 5,700 branches of the Indian Bank spread across the country.
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.
V Chandrasekaran, General Manager, Rural Banking /SLBC/RRB, Indian Bank, noted that the association with TAFE and TMT will allow the bank to provide quick and hassle-free financing to a large number of its customers across the country.
“Indian Bank has a strong presence across the country. We are expecting a sanction of INR 500 crore in FY24,' he added.
Parameswara Reddy Devi, Chief Financial Officer, TAFE and TMT, stated that collaborating with Indian Bank helps provide all TAFE and TMT customers with simpler financing options and a best-in-class ownership experience and assistance.
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