Comments
Bank of Maharashtra (BoM) has entered into a strategic co-lending partnership with MAS Financial Services to offer loans to micro, small and medium enterprise (MSME) borrowers.
“This co-lending arrangement will result in greater expansion of portfolio for both the entities,” BoM said in a regulatory filing.
Under this arrangement, MAS Financial Services (a RBI registered non-banking financial company) will originate and process loans to MSME borrowers under priority sector as per jointly formulated credit parameters and eligibility criteria, and BoM will take on its book these loans under mutually agreed terms.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.