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The country's largest lender, State Bank of India (SBI), and e-commerce giant Amazon have signed an MoU for identifying potential areas of collaboration for payments and commerce solutions.
SBI has the largest SME base in the country. E-tailers are set to gain even if a percentage of SBI's SME customers adopt the online platform for their businesses. The bank is looking to tap Amazon's expertise in connecting potential buyers and sellers, along with efficient ways of sourcing raw materials for existing customers.
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