Snapdeal signs MoU with SBI

Q.  With which e-commerce Company, State bank of India signed a MoU to roll out a capital assistance programme for sellers using the online retailer’s platform?
- Published on 17 May 15

a. PayPal
b. Flipkart
c. Jabong
d. Snapdeal

ANSWER: Snapdeal
 
The strategy to tie-up with e-commerce sites also highlights the bank’s new strategy to keep in check the non-performing assets (NPA) in the SME sector by giving loans to sellers with good market access.

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