Paisalo Digital inks co-origination loan agreement with Bank of Maharashtra
21st Sep 2019

Paisalo Digital has signed co-origination loan agreement with the Bank of Maharashtra, a major public sector bank in India. This is Company's second Co-origination Agreement with any Bank, before Bank of Maharashtra, the company has already signed a co-origination loan agreement with State Bank of India in April, 2019.

This agreement is as per notification issued by the Reserve Bank of India on September 21, 2018 for Co-origination of loans by Banks and NBFCs for lending to priority sector and will support Modi Government's financial inclusion plan.

Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.