SBI launches SBI E-Smart SME to offer loans to e-commerce sellers
State Bank of India has announced launch of SBI E-Smart SME to offer easy working capital to online e-commerce players. The bank has initially tied up with e-commerce major Snapdeal to offer instant loans to its sellers.
About SBI E-Smart SME
SBI E-Smart SME will use data analytics gathered by Snapdeal to assess the sellers credit worthiness, instead of traditional lending based on financial statements like balance sheet and income tax returns.
Google + 
Facebook
WordPress
You must log in to post a comment.