Bandhan Bank has signed a Memorandum of Understanding (MoU) with Ashok Leyland, a leading commercial vehicle manufacturer, to provide customized vehicle financing solutions for customers. This partnership is aimed at meeting the growing demand for vehicle loans with flexible repayment plans tailored to commercial needs.
The MoU was signed by Mr. Rajinder Babbar, Executive Director & Chief Business Officer, Bandhan Bank, and Mr. K.M. Balaji, CFO, Ashok Leyland. The agreement will allow Bandhan Bank to offer end-to-end financial solutions for Ashok Leyland customers, while boosting Ashok Leyland’s market position with industry-leading total cost of ownership benefits.“This partnership reflects our commitment to serving commercial vehicle customers with tailored financing options,” said Mr. Babbar. Mr. Balaji added, “We’re excited to collaborate with Bandhan Bank to deliver attractive financing that ensures profitability for our customers.”
In Tripura, the commercial vehicle market is expected to see significant benefits from this collaboration, offering local businesses greater access to flexible financing. The partnership will likely support small and medium enterprises looking to expand their fleet, further fueling economic growth in the region.
