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  • Writer's pictureKRISHNENDU KUNDU

An MoU is Signed by Bandhan Bank and M&M to Provide Enticing Financing Options for Equipment and Commercial Vehicles

News Desk, News Nation 360 : One of the fastest-growing private sector banks in India, Bandhan Bank, has partnered with Mahindra & Mahindra, one of the nation's top producers of commercial vehicles, to provide easy financing options for its clients who buy commercial vehicles and equipment. Customers will profit from Bandhan Bank's extensive network and carefully chosen simple repayment plans, as well as the bank's ability to provide financing for the full range of commercial vehicles and equipment under this partnership. Mahindra & Mahindra provides a wide selection of commercial equipment and vehicles. Mahindra offers LCV, ICV, and HCV products in the commercial vehicle segment, with weights ranging from 3.5 tonnes to 55 tonnes. However, they do sell motor graders and backhoe loaders under the commercial equipment category. Mahindra is among the OEMs that is growing the fastest, with growth rates exceeding 40%. With a network of over 500 touchpoints, the company has rapidly expanded its after-sales service. Speaking on this announcement, Santosh Nair, Head of Consumer Lending & Mortgages, Bandhan Bank stated that with M&M, Bandhan Bank is happy to provide easy-to-use car financing options. This affiliation is a testament to their commitment to meeting the various financial needs of their clients who purchase commercial vehicles and equipment. They are sure that by working together, they will be able to reach a wider audience and offer customised financing solutions to help companies in the commercial vehicle sector expand.

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