Escorts, one of the leading tractor manufacturers, reinforces its relationship with IndusInd Bank with a formal Memorandum of Understanding that will pave the way for both companies to provide one of the best financial offerings to its customers.

Escorts and IndusInd Bank will work together closely in understanding the financial needs of its customers and will jointly come up with various financial programs to enable customers invest in modern farm machinery to enhance their farm productivity and income.

Induslnd Bank with its understanding of rural customers and its wide penetration throughout the country will help Escorts in moving towards its larger goal of fostering the dreams of the farming community of our nation.

On this occasion, Shenu Agarwal said, "The rural industry is growing at a record pace and we are seeing our customers shifting towards technologically advanced agricultural practices. Our role here is to provide them with the best of products and make the process of purchase as simple as possible."

Adding to this, S.V. Parthasarathy, Head-Consumer Finance Division, IndusInd Bank said, "With this partnership, farmers will have easy access to loans at attractive interest rates. Our association will bring transparency, seamlessness and convenience to support the farmers in their endeavour to nourish the nation."

Shares of the company gained Rs 49.35, or 3.58%, to trade at  Rs 1,427.60.  The total volume of shares traded is 84,640 at the BSE (12.34 p.m, Tuesday).