State Bank Of India

State Bank of India (SBI) has reportedly signed the memorandum of understanding (MoU) with Greenply Industries to grow its channel financing business. The Bank will extend financial services to Greenply dealers to grow further on a very competitive pricing.

SBI, which is slated to enjoy one-fourth market share with the merger of its associate banks with itself in FY18, is planning to create a digital-only bank platform to allow transactions to be done with the help of apps, internet banking and mobile banking.