Bandhan Bank sign MoU with M&M to offer attractive commercial vehicle and equipment financing solutions

Bandhan Bank has inked a strategic Memorandum of Understanding (MoU) with Mahindra & Mahindra, a prominent commercial vehicle manufacturer, to provide enhanced financing solutions to customers in the commercial vehicle and commercial equipment segment.Under the newly forged partnership, Bandhan Bank will extend its comprehensive financing services across Mahindra & Mahindra’s entire portfolio of commercial vehicles and equipment. Clients stand to benefit from the bank’s extensive network and flexible repayment plans tailored specifically for their needs.

Expressing his satisfaction with the collaboration, Mr. Santosh Nair, Head of Consumer Lending & Mortgages at Bandhan Bank, emphasized the institution’s commitment to meeting the diverse financial requirements of commercial vehicle and equipment customers. He highlighted the partnership as a means to bolster business growth within the sector.Likewise, Jalal Gupta, Business Head of Commercial Vehicles at Mahindra & Mahindra, hailed the alliance as a boon for their clientele. Gupta emphasized that the partnership would empower customers with optimal financial solutions, fostering confidence and prosperity.

Mahindra & Mahindra boasts an expansive range of commercial vehicles, spanning from light to heavy-duty categories, alongside commercial equipment like Back-hoe Loaders and Motor Graders. With a stellar growth rate exceeding 40%, Mahindra & Mahindra has fortified its service network, comprising over 500 touchpoints.Bandhan Bank, known for its competitive interest rates and widespread presence, operates across 35 states and union territories in India, with over 6,250 banking outlets catering to approximately 3.25 crore customers nationwide.