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State Bank of India (SBI) has entered into a tripartite memorandum of understanding with online financial product aggregator bankbazaar.com and the bank’s subsidiary SBICAP Securities, to provide another online platform to prospective tech-savvy borrowers to apply for home loans. “Under this arrangement, the bank will be able to display its home loan products on bankbazaar.com, generate leads and provide doorstep delivery, thus improving the response time. Bankbazaar offers end-to-end solutions to home loan seekers,” SBI said in a statement.
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