Kubota Agricultural signs MoU with BOB for Tractor & Farm Machinery Financing

Published - 07 Aug 2023 by Tractor Junction

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Kubota Agricultural Machinery India Pvt. Ltd. (KAI) & Bank of Baroda (BOB) have entered into a Memorandum of Understanding (MOU) to finance Kubota Brand Tractor and Farm machinery. Bank of Baroda is one of India's leading public sector banks with a wide network of 8200+ branches across India. Bank of Baroda will be financing Kubota's premium range of Tractors and Farm machinery at an affordable rate.

Mr. G S Grewal, Managing Director, Kubota India & Mr. Man Mohan Gupta, Chief General Manager (Rural & Agri Banking), Bank of Baroda, signed the agreement on 2nd August 2023 at Sales & Marketing office Kubota, Pune. In this event, Mr. Ashutosh Deshmukh, Sr. General Manager-Sales Kubota India, Mr. Sandeep Ratre, Head Retail Finance Kubota India, Mr. Shailendra Kumar Singh, Head- Tractor, SHG & FPO, Bank of Baroda, participated.

Further commenting on the agreement by Mr. Grewal, said, "Kubota with the Japanese technology & premium products who always work as a solution provider for food, water & environment, this agreement between Kubota & Bank of Baroda will provide a solution of easy and affordable financing to the Indian farmers."

Commenting on this agreement, Mr. Gupta, Chief General Manager (Rural & Agri Banking), BOB, said, "this agreement will bring more opportunity to the farmers on getting easy loans on Kubota premium range of farm machinery products."

Both the management from KAI & BOB are confident that this agreement will surely complement each other and ultimately help the Indian farming community.

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