Indian Bank inks pact with TVS for three-wheeler financing

Public Sector Indian Bank on Thursday launched a new loan product ‘IB Mudra TVS King’ by entering into a MoU with TVS company for three wheeler financing. 

The Bank also introduced its “Revamped Internet Banking site” by adding many customer centric features in the presence of its MD and CEO Kishor Kharat, Executive Directors A.S.Rajeev and M.K.Bhattacharya and others.

Indian bank as part of its ambitious plans to strengthen the PMMY (Pradhan Mantri Mudra Yojana) launched “IB Mudra TVS King”, an unique loan scheme to the customers for purchasing three-wheeler.

The customers could avail loan upto Rs two lakh with repayment period of 60 EMI (excluding a moratorium of three months initially wherein interest alone need to be serviced) under this scheme, a bank release said.

Indian Bank was also working towards Digital India by unveiling many tech products which could make banking easier than before. 

In line with this, the bank has revamped its Internet Banking site where more than 15 lakh registered customers involving in the financial transactions. ”The customers can experience better navigation with the help of attractive screen designs, images and creation of customized dashboard.”, it said.

To help customers manage this transition, the old net banking site would also be available along with the new site for a few weeks, the release said.

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