Federal Bank has signed a Memorandum ofUnderstanding (MOU) with JCB India for financing equipment. As per thearrangement, Federal Bank is the preferred finance partner of JCB where JCB’scustomers can avail loans from Federal Bank at competitive interest rates forpurchasing a wide range of world-class equipment from the product line of JCBIndia Ltd. 

Shyam Srinivasan, Managing Director and CEO,Federal Bank said, “Today, we officially become the financing partner for JCBIndia. This partnership would prove to be hugely beneficial to a segment ofcustomers who are looking for easy finance options to take their businessforward. We are confident this association will help removebarriers between Bharat and Atmanirbhar Bharat.”