MAS Financial Services announces co-lending partnership with Bank of Maharashtra

MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, has entered into a strategic co-lending partnership with Bank of Maharashtra for lending to micro, small and medium enterprises (MSME) further strengthening its relationship with the bank.

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 ensuring efficient last mile delivery of credit and extending credit where it is due.

The business under this arrangement will scale up steadily and more enabling products will be introduced to serve the MSME segment which offers huge opportunity.

Shares of Bank of Maharashtra was last trading in BSE at Rs. 19.50 as compared to the previous close of Rs. 19.65. The total number of shares traded during the day was 563928 in over 1421 trades.

The stock hit an intraday high of Rs. 20.05 and intraday low of 19.25. The net turnover during the day was Rs. 11024287.00.

Shares of MAS Financial Services Limited was last trading in BSE at Rs. 663.35 as compared to the previous close of Rs. 670.95. The total number of shares traded during the day was 1589 in over 391 trades.

The stock hit an intraday high of Rs. 675.05 and intraday low of 655.10. The net turnover during the day was Rs. 1053079.00.

Source : Equity Bulls

Keywords

BankofMaharashtra INE457A01014 MAHABANK MASFinancialServices INE348L01012 MASFIN CoLendingPartnership MSMELoans