VST Tillers Tractors inks MoU with Axis Bank to Offer Credit Facilities to Farmers

Current Context: VST Tillers Tractors Limited, a leading farm equipment manufacturer in India, has signed a Memorandum of Understanding (MOU) with Axis Bank, one of India’s top private sector banks, on May 21, 2024.

• The MOU, signed in Bengaluru, aims to provide financial solutions to farmers for purchasing tractors and farm mechanisation products.
• This partnership will leverage Axis Bank’s extensive network of 5370+ branches across India, enabling farmers to avail hassle-free, affordable, and flexible credit facilities.
• The bank will offer flexible repayment options, swift sanctions, and special benefits on EMI options to encourage farmers to opt for farm mechanization.
• This initiative is a significant step towards facilitating agricultural transformation in India, with both organizations sharing a common vision of empowering the farmer community and encouraging entrepreneurship in the agricultural sector.

Question:

1. How many branches does Axis Bank have across India?

• A) 4370+
• B) 5370+
• C) 6370+
• D) 7370+

Answer: B) 5370+