State Bank Of India

Lendingkart has raised Rs 25 crore in debt from State Bank of India (SBI). The money would be used towards growing the loan book.

Lendingkart focuses on credit to SMEs for working capital and business needs. Its Lendingkart Finance unit raises money from the market from time to time and then lends to borrowers.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.