Mahindra Mahindra signs MoU with Bihar Kshetriya Gramin Bank for Personal and Commercial vehicle financing
Patna: Mahindra Mahindra Ltd. (MM), Indias leading SUV manufacturer, today signed a Preferred Financier agreement with Bihar Kshteriya Gramin Bank (BKGB), one of the largest and most reputed regional rural banks in Bihar. Under this tie-up, Mahindra Mahindra customers will be able to avail of vehicle finance services from any of the 174 branches of BKGB across Bihar. The MOU was signed by Shri Atul Sinha, Senior General Manager, Sales- East Mahindra Mahindra Ltd and Shri Arvind Singh Shekhawat, Chairman, Bihar Kshetriya Gramin Bank Ltd.
The tie-up will enable both Mahindra Mahindra and Bihar Kshetriya Gramin Bank to leverage the inherent strengths of each others network of over 5 dealer outlets and 174 branches across central and western Bihar.
Speaking on the occasion,
Shri Arvind Singh Shekhawat, Chairman, Bihar Kshetriya Gramin Bank stated, BKGB is expanding its operations in Commercial and Passenger vehicle financing. It has been making attractive offers to its customers and this arrangement with Mahindra Mahindra will be one of several such initiatives. By virtue of this tie-up, customers of BKGB will have privileged access to the specialized services of Mahindra Mahindra. The convergence of both the organisations will significantly benefit our customers.
Speaking on the tie-up, Shri. Atul Sinha, Sr. General Manager, Sales East, Automotive Division, Mahindra Mahindra Ltd., said, At Mahindra, we always look at options to provide the best schemes to our customers and give them the power of choice. This strategic tie-up is a step in that direction. Bihar Kshetriya Gramin Bank offers innovative yet simple products and services.
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