13, Feb 2024
Tata Motors and Bandhan Bank sign MoU
Bengaluru, 12th February 2024: Tata Motors, India’s largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank, one of India’s fastest-growing private sector banks, to offer convenient financing solutions to its commercial vehicle customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s wide network and specially curated easy repayment plans.
Commenting on this partnership, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, “We are delighted to announce our partnership with Bandhan Bank through this MoU, which represents a major milestone in our commitment to providing seamless financing solutions to our customers. This partnership reflects our commitment to providing accessible and efficient financial solutions, empowering our customers to achieve their business goals with ease. Together, we look forward to driving greater convenience and support for our valued commercial vehicle customers.”
Speaking on this announcement, Mr. Santosh Nair, Head, of Consumer Lending & Mortgages, Bandhan Bank, said, “Bandhan Bank is pleased to partner with Tata Motors to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”
Tata Motors offers an extensive range of sub-1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks, and bus segments to address the evolving needs of logistics and mass mobility segments. The company ensures unparalleled quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts.
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- By Rabindra
15, Dec 2023
Bandhan Bank authorised by RBI for disbursing pension to Railways
December 15, 2023: Bandhan Bank, a pan-India universal bank, today announced that it has been authorized by the Reserve Bank of India (RBI) for the disbursement of pension through e-PPOs on behalf of Indian Railway. Indian Railways in the largest employer in the country with an employee strength of nearly 12 lakh. The Bank will soon be integrating with the Ministry of Railways to operationalize the pension disbursement process.
This authorization enables Bandhan Bank to disburse pension to nearly 15 lakh Indian Railways pensioners who have retired from the service. This mandate also provides the Bank an opportunity to serve around 50,000 average Indian Railways retirees every year across all offices including 17 zonal railways and 8 production units of Indian Railways.
This will provide the existing as well as new customers of Bandhan Bank an opportunity to avail the world-class banking services, competitive interest rates along with senior citizen privilege provided by the Bank. Pensioners also get access to more than 1640 branches and best in best-in-class digital banking platform of Bandhan Bank.
Debraj Saha, Head – Government Business, Bandhan Bank said, “Indian Railways is one of the prestigious and largest employer in the country. Authorization to disburse pension to retired employees of railways provides an opportunity to serve them with the best products and services of the bank. It also gives the retired employees an opportunity to enjoy the most competitive rates provided by Bandhan Bank. This mandate by Ministry of Finance, Railways and RBI is a testament of the confidence and trust placed by the regulators and government on our bank.
This new authorization allows us to play a pivotal role in the efficient disbursement of pensions to Indian Railways retirees, contributing to their financial well-being during their golden years. We are now better equipped to serve retirees in a more streamlined, secure, and prompt manner.”
