SBI launches new branch for e-commerce loans


State Bank of India (SBI) is planning to tap the potential of e-commerce business and focus on digital platform in the near future, said B Sriram, managing director (National Banking Group), SBI. The Bank is also looking at increasing its growth in Small and Medium Enterprises (SMEs) portfolio to 10 to 12 per cent by the end of the year.The Bank, which already entered into agreement with some of the e-commerce players, would look at covering the entire e-commerce value chain, he said while speaking to the reporters after inaugurating the SBI HNI Branch in Ashok Nagar, the 1,000 branch of the bank in Chennai circle.