State Bank of India (SBI), the largest bank in India has entered into a Tripartite MOU on Jul. 13, 2015 with  the leading online financial product aggregator 'bankbazaar.com' and bank's subsidiary SBI CAP Securities (SSL).

This partnership will help the bank to provide yet another online platform to the prospective tech savvy home loan borrowers to apply for SBI Home Loans online.

Under this arrangement, SBI will be able to display its home loan products on bankbazaar.com, generate leads and provide door-step delivery, thus improving the response time.

Bankbazaar.com offers end to end solutions to the Home Loan seekers from getting the customized quotes, comparison of the offers and submission of online application to SBI.

Shares of the company gained Rs 3.05, or 1.13%, to settle at Rs 273.55. The total volume of shares traded was 995,316 at the BSE (Monday).