State Bank of India, the largest lender of the country today tied up with Snapdeal and launched e- smart SME to offer easy working capital to online e- commerce players.
The bank has tied up with e-commerce major Snapdeal to provide instant loans to its sellers.
According to a report, the chairman of SBI said that e- commerce growth has created a new eco system enabling more than five lakh sellers to sell their product online and it has even opened up the opportunity for the banking industry.
The bank can soon tie up with Flipkart and Paytm and scheme will also give special benefit to women by giving them the concession of 25 basis points.
