Indian Bank, one of India leading Public Sector Banks, has partnered with Escorts Kubota Limited (EKL), a leading tractor and construction equipment manufacturer in India for providing financing solutions to support its dealers and tractor customers. The partnership was announced in the presence of Mr. Ashutosh Choudhary, Executive Director, Indian Bank and Mr. Bharat Madan Whole-time Director CFO, EKL. The partnership will enable EKL dealers and prospective customers to access hassle free working capital and avail tractor loans respectively at affordable interest rates. The financing services will be available for the entire EKL tractor portfolio, including Powertrac, Farmtrac and Kubota tractors.
EKL dealers would be able to avail the benefits through Indian Bank digital platform. The agreement aims to offer EKL dealers tailored financial solutions that will help them manage their working capital, streamline the inventory and support the business growth. Farmers would be able to access credit by either on-boarding themselves through Indian Bank website or by approaching its branches. India Bank has got an extensive network of 5800+ branches across the country.
Speaking at the occasion Mr. Ashutosh Choudhury, Executive Director, Indian Bank said, “The association with Escorts Kubota Limited will allow us to provide quick and hassle- free financing to a large number of dealers, farmers and prospective customers. This partnership reflects Indian Bank commitment to advancing financial inclusion and digitalization in the country. The Bank digital business has exceeded ₹1 lakh crores in FY25 and its dealer and tractor financing solutions through digital and branch assisted journey will enhance ease and access to financing.”
Mr. Saurabh Dalmia, CMS Vertical Head, Indian Bank added that Indian Bank Supply- chain Finance solution will act as a strong enabler in the development of the dealer network of Escorts Kubota and will bring down their inventory financing costs.
Sharing his thoughts on the collaboration, Mr. Bharat Madan, Whole-time Director & CFO, EKL said, “This partnership with Indian Bank reflects Escorts Kubota commitment to offering our dealers and farmers affordable and efficient credit solutions. By enhancing access to financing, we aim to drive rural prosperity, strengthen the agricultural value chain, empower SMEs, and support the holistic growth of India rural economy.”
Commenting on the partnership, Mr. Neeraj Mehra, Chief Officer, Tractor Business Division at EKL said, “This collaboration is a step towards empowering our dealers and farmers by providing access to tailored financing solutions for the entire range of EKL tractors. Indian Bank extensive network and robust last-mile connectivity will ensure seamless and efficient credit access. This partnership underscores Escorts Kubota dedication to fostering prosperity for its dealers and farmers across the country.”
Mr. Ajay Agarwal (FGM Delhi, Indian Bank) and Mr. Surbhit Jain (Head – Channel & Retail Finance, EKL) were also present during the occasion.