Bank of India partners MAS Financial services
September 08, 2021
Bank of India has partnered with MAS Financial services for MSME loans. The partnership comes on the occasion of the bank’s 116th foundation day.
Co-lending was introduced by the RBI to increase the credit circulation to the underserved sector by using the NBFC coverage to the informal sector.BOI will leverage the reach of NBFC to build an MSME portfolio, Atanu Kumar das, MD & CEO, Bank of India said in a statement.
Celebrating Foundation Day across all its 10 national banking group (NBG) offices, 59 zonal offices, 5,084 domestic and 23 international branches, and 5,323 ATMs, Das expressed gratitude to all the stakeholders.
The bank marked the special occasion by celebrating ‘Azadi Ka Amrit Mahotsav’ and pledged to continue serving the country and its citizens.
On the occasion, the bank unveiled various new schemes for farmers and also took several initiatives, such as tree plantation, extending financial support to 8,718 girl children towards their education, and customer outreach programs, among others.