State Bank of India (SBI) is also looking at investment opportunities in fintech start-ups, says chairman Rajnish Kumar. Photo: PTINew Delhi: State Bank of India (SBI) is exploring ways to expand loan growth to sectors such as railways, roads and renewable energy, which are attracting higher public spending, chairman Rajnish Kumar said. India’s largest lender is also looking at investment opportunities in financial technology, or fintech, start-ups, Kumar said in an interview on Friday. The recapitalisation of public sector banks, for which the government has announced a Rs2.11 trillion plan, along with higher public spending on infrastructure, will help in stimulating private investments in the economy, he said. “We are in talks with many startups in financial technology sector where we are open to following a partnership model.

Source: Mint November 24, 2017 18:33 UTC