SBI signs Service Level agreement with Paisalo Digital

State Bank of India (SBI) has signed a Service Level agreement with Paisalo Digital for engagement as National Corporate Business Correspondent of the Bank for promoting financial inclusion by providing banking services through kiosks. Towards this objective of promoting financial inclusion and increasing the outreach, Paisalo Digital shall extend its services and reach to the vast under serviced segments of the market, specially in semi urban and rural parts of India.

As a national business correspondent for State Bank of India, PaisaLo will focus on building greater synergies and a more aggressive roll out of their already up and running fully digital small loan business under SBI PaisaloLoan Co-origination.

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.