SBI shows interest in India’s e-commerce
SBI keen on investing in India’s E-commerce.
After Reliance,Essar and Adanis SBI that seemed to be just interested in big deals now enters young but uprising e-commerce in India.It has aimed to fund transactions and seller’s business on Amazon which it coined as seller financing.In a report PWC has stated that the e-commerce market in India should touch $22 billion by the end of 2015.
SBI has already signed the agreement regarding the same with Amazon and aims at achieving same with Paypal and Snapdeal.Getting its banking and trade facilities and joining this e-commerce lads to bring an ease to shopping experience for user is all SBI is currently aiming at.
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