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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.55
13.05 (1.23%) SBI, Paisalo Digital sign co-origination of loan agreement
Date: 09-04-2019Paisalo Digital has signed the first co-origination loan agreement with State Bank of India (SBI), the first agreement of its kind in the country that SBI has signed. Introducing a platform for the last mile customer, the loan ticket is designed at Rs 10,000 to 2 lakh. Paisalo Digital expects to disburse 2,00,000 loan applications in FY20.
Paisalo Digital, is a leading Systemically Important Non Deposit taking NBFC registered with the Reserve Bank of India, in operations since 1992.
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.