INDIA: Mahindra, SNKGB, ink Madhya Pradesh finance tie
Mahindra & Mahindra has signed a preferred financier agreement with Satpura Narmada Kshetriya Gramin Bank (SNKGB), the largest Gramin bank in Madhya Pradesh.
Mahindra & Mahindra has signed a preferred financier agreement with Satpura Narmada Kshetriya Gramin Bank (SNKGB), the largest Gramin bank in Madhya Pradesh.
Under the agreement, Mahindra customers will be able to obtain vehicle finance from any SNKGB branche.
There are 59 Mahindra dealerships and 348 SNKGB branches in the state.
M&M’s Naveen Bathla said: “We see great synergy in this tie-up with SNKGB, as this alliance will open up new markets and customers for both the bank and Mahindra & Mahindra.”
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