Central Bank of India (CBI), a public sector bank, and Mamta Projects Pvt Ltd (MPPL), a new-age, tech, and risk-analytics focused RBI regulated NBFC, have formed a strategic co-lending partnership to provide MSME loans at competitive interest rates. Under this arrangement, while MPPL will originate and process MSME loan applications as per jointly agreed credit parameters, Central Bank will extend 80% of the loans under the priority sector. Meanwhile, MPPL will be responsible for servicing the loan accounts throughout their life cycle. The participation of both entities in this co-lending partnership will enable them to expand their loan portfolios.
Triterras Announces Collaboration with Card Cutters
The collaboration agreement with Card Cutters will allow Triterras to directly promote its end-to-end digital lending services to their clients in the UAE; this initiative is a part of Triterras’ larger strategy to partner similar e-commerce and point-of-sale (POS) platform operators to provide such comprehensive financing solutions.