Bank of India and JSW MG Ink Strategic MoU for Dealer Financing via BOI TradeEasy

Mumbai – Bank of India (BOI) and JSW MG Motor India Pvt Ltd (JSW MG) have officially signed a Memorandum of Understanding (MoU) to establish a strategic partnership focused on financing dealerships under the MG Select Channel through BOI’s Star Channel Finance platform, TradeEasy.

The MoU was signed by Mr. Vijay Parlikar, General Manager, DLD BOI, and Mr. Vinay Raina, Chief Commercial Officer, JSW MG, in the presence of Shri Ashok Kumar Pathak, Chief General Manager, RAM BOI.

Key stakeholders witnessing the signing ceremony included:

• Mr. Pavan Sodani, Director Finance, JSW MG

• Mr. Saurabh Jain, Head – Channel & Retail Finance, JSW MG

• Mr. Ravi Shankar, Empanelled General Manager, DLD BOI

• Mr. Tushar Hate, Deputy General Manager, DLD BOI

• Mr. Sukesh Kumar Sinha, AGM, DLD BOI

• Mr. Arun Poojari, CEO, Cash Invoice

This collaboration seeks to provide seamless financial solutions to MG dealers, enabling efficient onboarding, transaction processing, and credit support through digital platforms. The TradeEasy initiative aims to simplify trade financing and strengthen BOI’s commitment to innovation-driven banking.

Officials from both organizations emphasized the significance of enhancing dealer operations through tailored financial products that reflect agility, efficiency, and growth.