14.25 (1.34%) State Bank of India (SBI) has reportedly partnered with global e-commerce firm Amazon to service its customers and small businesses. Both the entities will develop trusted, frictionless payments and commerce solutions for customers and small businesses, capitalising on the exponential growth in internet penetration to drive the adoption of ecommerce and m-commerce in India.
State Bank of India is an Indian multinational, Public Sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.