MAS Financial Services to co-lend with Bank of Maharashtra for MSME loans

New Delhi, 28 Dec (KNN) To lend the underserved category of micro, small and medium enterprises (MSME), MAS Financial Services has partnered with Bank of Maharashtra for in a strategic co-lending agreement.

The co-lending partnership will help MAS Financial to broaden its client base and expand the credit flow to the vast unserved and the underserved markets using its strong footprint across pan India, as published in Business Standard.

To serve the MSME sector more efficiently, the NBFC will make business arrangement to introduce more products.

Through this pact, the origination and processing of loans to MSME borrowers will be done by MAS Financial as per jointly formulated credit parameters & eligibility criteria and book loans mutually agreed terms will be looked by Bank of Maharashtra.

This association falls in the purview of RBI guidelines and compliance laws.

MAS Financial Services is a NBFC headquartered in Ahmedabad, Gujarat with more than two decades of business operations.

It has its presence across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, Karnataka & Delhi with around 85 branches and have footprints in 17 states of India. We have created the expertise in the distribution of credit and a base of more than 15,00,000 customers.