MoneyWorks4Me

LoanTap enters into strategic partnership with Bank of Maharashtra

13 Feb 2021 Evaluate

LoanTap has entered into a strategic partnership with Bank of Maharashtra for extending loans to micro, small and medium enterprises (MSMEs). Under the co-lending model, LoanTap will bear the 20 percent exposure while the rest 80 percent will be borne by the bank. These loans are designed to serve the business needs of MSMEs, supporting their plans to grow and expand business.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.

Peers
Company Name CMP
State Bank Of India 950.30
PNB 113.90
Bank Of Baroda 234.90
Canara Bank 118.90
Union Bank Of India 173.05
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