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SBI in tie-up with Bankbazaar.com

99State Bank of India has entered into a tripartite MoU with online financial product aggregator Bankbazaar.com, and its own subsidiary SBICAP Securities to provide another online platform for its home loan borrowers. Under the arrangement, the bank will be able to display its home loan products on Bankbazaar.com, generate leads and provide door-step delivery, thus improving the response time. Bankbazaar.com offers end to end solutions for home loan seekers right from getting customized quotes, comparison of the ofers and submission of applications online. The tie-up is part of the bank’s strategy to augment its home loan portfolio by leveraging digital channels and increasing its presence in the digital/online space. The MoU documents were signed in the presence of B. Sriram, MD & GE (National Banking) of the bank. Adhil Shetty, MD & CEO, Bankbazaar.com, Mani Palvesan, MD, SBICAP Securities and J. Lakshmi, CGM (Real Estate & Housing Business Unit), SBI, were present on the occasion.

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