One of the top producers of commercial vehicles, Ashok Leyland, and Bandhan Bank signed a Memorandum of Understanding (MoU) to establish a strategic vehicle finance collaboration for the bank’s clients. Through this Memorandum of Understanding, Bandhan Bank and Ashok Leyland will be able to provide their respective clientele with specialized financing solutions.

The MoU was signed by Mr. Rajinder Babbar, Executive Director & Chief Business Officer, Bandhan Bank, and Mr. K.M. Balaji, CFO, Ashok Leyland, in the presence of Mr. Sanjeev Kumar, President and Head- MHCV, Ashok Leyland. Under this partnership, Bandhan Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland.

The partnership’s main goal will be to satisfy client needs by offering car loans with convenient monthly repayment schedules that are customized to each individual’s preferences.

Mr. Rajinder Babbar, Executive Director & Chief Business Officer, of Bandhan Bank, said, “With Ashok Leyland, Bandhan Bank is happy to provide easy-to-use car finance options. Our commitment to meeting the various financial demands of commercial vehicle clients is shown in this association. We are sure that by working together, we will be able to reach a wider audience and offer customized finance solutions to help companies in the commercial vehicle sector expand”.

Mr. Sanjeev Kumar, President-M&HCV, Ashok Leyland said, “At Ashok Leyland, we’re committed to providing better value and consistently improving our customers’ experiences. Because of the combined strength of Ashok Leyland and Bandhan Bank, our customers will have access to convenient repayment plans and comprehensive financing alternatives”.

To be dedicated to continued growth across important verticals including SME Loans, Gold Loans, Personal Loans, and Auto Loans, including Commercial Vehicle lending, Bandhan Bank has been steadily growing its portfolio. In addition, the Bank provides a variety of business-specific products, such as Loans against Property, guaranteeing complete financial solutions for a wide range of client requirements.

Priyanka Dutta