MAS Financial Services Limited Partners with UCO Bank for Co-Lending

MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, has entered into a strategic co-lending partnership with UCO Bank for lending to micro, small and medium enterprises (MSME). The Co-Lending envisages offering loans to MSME borrowers under priority sector, in compliance with the applicable law(s).

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. It will also further strengthen the liability management of the company.

Commenting on co-lending partnership, Mr. Ankit Jain, Chief Financial Officer said: We are pleased to join hands and having a strategic co-lending partnership with UCO Bank for lending to MSME sector (backbone of India's economy) to enhance the reach of credit to the unserved & underserved markets. This co-lending partnership will leverage the strength of both the companies to boost priority-sector lending to MSME borrowers.

Team MAS remains committed to its mission of "Excellence through Endeavours".

Shares of MAS Financial Services Limited was last trading in BSE at Rs. 296.50 as compared to the previous close of Rs. 300.15. The total number of shares traded during the day was 23297 in over 1232 trades.

The stock hit an intraday high of Rs. 301.25 and intraday low of 292.50. The net turnover during the day was Rs. 6930561.00.

Source : Equity Bulls

Keywords

MASFinancialServices INE348L01012 CoLendingPartnership UCOBank MSME