Bank of Maharashtra, MAS Finance ink co-lending pact

New Delhi: Bank of Maharashtra (BoM) will tap MSME borrowers through a co-lending arrangement with MAS Financial Services. The bank has entered into a strategic co-lending partnership with MAS Financial Services to offer loans to MSME borrowers under priority sector, Bank of Maharashtra said on Tuesday.

This partnership will result in greater expansion of portfolio by the bank and the non-banking finance company (NBFC).

Under the co-lending arrangement, MAS Financial Services will originate and process the loans to MSME borrowers as per jointly formulated credit parameters and eligibility criteria and the state-owned lender will take into its book loans under mutually agreed terms, Bank of Maharashtra said in a release.