MAS Financial Services has entered into a strategic co-lending partnership with UCO Bank

Since its founding in 1995, when things were very different, MAS has provided financing solutions to those who most needed them. The Reserve Bank of India has the company listed as a non-banking financial company. MAS is committed to meeting the needs of the lower- and middle-income segments of society, and it has a wide range of retail finance options at its disposal. To meet their diverse needs, we provide financial services for home loans, business loans, microenterprise loans, SME loans, two-wheeler loans, used car loans, and commercial vehicle loans. The emphasis is still on the large lower- and middle-income segments of society, which are dispersed throughout rural, semi-rural, and urban regions and include both the formal and informal sectors.

Partnership between MAS Financial Services and UCO Bank

MAS Financial Services Limited and UCO Bank have formed a strategic partnership to offer micro, small, and medium-sized business (MSME) loans. Co-lending intends to offer loans to MSME borrowers in priority sectors in compliance with the applicable law or laws. MAS Financial will be able to expand its clientele and provide credit to the sizable unserved and underserved markets with the help of the co-lending arrangement. The company’s liability management will also be strengthened even more by it.

Today, MAS Financial Services Ltd.’s stock is down more than 2%

Current trading prices for MAS Financial Services Ltd.’s stock are Rs. 290.85 per share, with a 52-week high of Rs. 387.95 and a low of Rs. 284.70. The high traded price today is Rs. 301.25, which is Rs. 87 less than the high traded price of the previous 52 weeks.

About UCO Bank

The headquarters of UCO Bank, formerly known as United Commercial Bank, an Indian public sector bank and financial services statutory body, is located in Kolkata. UCO Bank, which was ranked 48th on the Forbes Global 2000 list in 2018 and 80th on the Fortune India 500 list in 2020, is the 10th largest public sector bank in India in terms of total assets.

Stock update for UCO Bank

The stock price of UCO Bank is currently down 5% in the intraday segment at Rs. 44.09 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions