State Bank of India Ties up with Bankbazaar.com for Home Loans

State Bank of India (SBI), the largest bank in India and the ‘Most Preferred Home Loan Provider’ has entered into a Tripartite MOU on 13^th July, 2015 with the leading Online Financial Product Aggregator ‘bankbazaar.com’ and Bank’s subsidiary SBI CAP Securities Ltd. (SSL) in the presence of Shri. B. Sriram, SBI’s Managing Director & Group Executive (National Banking). This partnership will help the Bank to provide yet another online platform to the prospective tech savvy home loan borrowers to apply for SBI Home Loans online. Under this 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 to the Home Loan seekers from getting the customized quotes, comparison of the offers and submission of online application to SBI.

The tie up with bankbazaar.com also highlights SBI’s strategy to augment its Home Loan portfolio by leveraging digital channels and increasing its presence in the digital/online space. Shri Adhil Shetty, Managing Director & CEO of bankbazaar.com, Shri Mani Palvesan, Managing Director of SBICAP Securities Ltd. and Smt. J. Lakshmi, Chief General Manager (Real Estate & Housing Business Unit) of SBI were present on the occasion.

The spokesperson for the press release is Smt. Jayanthy Lakshmi, who can be contacted at: 22873602/7506273846.