State Bank Of India

State Bank of India (SBI) and Shapoorji Pallonji Real Estate have signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits. The collaboration will create win-win business opportunities for all stakeholders. The bank is looking at more builder tie-ups so as to reduce the turnaround time for approving home loans to five days as against 12 days.

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.