Sbi Yono

Competition for deposits but no rate war, says SBI chief C S Setty

SBI is aiming to get 90 per cent of its retail unsecured loans from the digital channels, going forward, Setty said

Rooftop solar programme to be gamechanger: SBI chairman at BS IML Conclave

Dinesh Khara also said that SBI has started leveraging technology and aims to make YONO 'a digital bank within the bank'

State Bank of India Q3 result: Net profit declines 35%, misses forecast

Net profit fell to 9,164 crore rupees ($1.1 billion) in its fiscal third quarter from Rs 14,205 crore in the same period a year earlier, SBI reported in a stock exchange filing

State Bank of India floats scheme to raise funds for green projects

SBI will look at tapping family offices, entities that manage money for high net worth individuals, for garnering green money

SBI launches green rupee term-deposit scheme for climate-friendly projects

Country's largest lender State Bank of India (SBI) on Friday launched a green rupee term-deposit scheme with an aim to finance environment-friendly projects. The bank said the scheme is open to all individuals including non-resident Indians and offers investors the flexibility to choose from three distinct tenors: 1,111 days, 1,777 days, and 2,222 days. Currently, the scheme is available through the branch network and it will soon be made available through digital channels such as Yono and online banking, chairman Dinesh Khara said in a statement.

SBI to soon launch Yono Global app in Singapore and US, says official

State Bank of India (SBI) will soon launch its banking mobile app Yono Global' in Singapore and the US, offering digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said. We are continuing to invest in Yono Global to offer the best services available as we want to give superior experience to our customers, Krishnan told PTI at the three-day Singapore Fintech Festival (SFF), which ends on November 17. Krishnan held talks with Singapore-based digital platform enablers as well as the local regulator and central bank, the Monetary Authority of Singapore (MAS). We are constantly working on the remittance story between India and Singapore, given the large number of Indian diaspora in the city state. Currently, SBI offers Yono Global services in 9 countries, starting with the UK operations in September 2019. SBI's foreign operations have a total balance sheet size of USD 78 billion. In Singapore, SBI is integrating its Yono Global app with PayNow a

Staying ahead of curve to reinforce Prime position: SBI chairman Khara

The July-September 2023 was the first quarter when HDFC-HDFC Bank did business as a combined entity, escalating competition for loans as well as deposits

BS BFSI Insight Summit: SBI to drive in with Yono 2.0 in nine months

Sees no concern on NPA front; macros in mint condition

No concerns on asset quality front in foreseeable future, says SBI chairman

On creating a new position as an assistant general manager (deposit) for every branch, Dinesh Khara said that the Indian economy is evolving, and in order to grow, we need to generate more income

SBI Pradhan Mantri e-Mudra Loan: How to apply, eligibility, features, more

SBI has an e-Mudra loan facility for small businesses to help them grow in the market. This loan offers easy credits to those involved in sectors like manufacturing, trade and service

NRIs can now open new bank accounts using SBI YONO app; Here's how

The service has been designed for the "new to bank" (NTB) customers and aims to smoothen the process of account opening at SBI for NRIs

SBI to take YONO to US, looks at 5% loan growth in global operations

Its global loan book had expanded by 7.44 per cent YoY till the end of June 2023

Yono app fetches Rs 100 crore in fee income every quarter: SBI Chairman

Yono, the mobile app of the State Bank of India, fetches Rs 100 crore in fee income every quarter by selling products from the parent's subsidiaries, and the digital loan book will be close to Rs 30,000 crore this fiscal, according to a top official. The nation's largest lender, which is into the 217th year of operations, launched the app in 2014. Since then, it has gone on to become such a runaway success that as much as 85 per cent of banking transactions are done through Yono, State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Tuesday. He was speaking at a session at the fifth global fintech summit here. "I am happy to share that Yono gets us Rs 100 crore in fee income every quarter by selling the just commoditised products from our subsidiaries such as the life and general insurance arms, mutual fund and others," Khara said. According to him, when it comes to lending, especially pre-approved personal loans, during the past two fiscals, it has sold as much as Rs 21,0

SBI Card Q1FY24 results: PAT down 5.27% to 593 crore, revenue up 26%

The company's revenue from operations went up by 26.18 per cent year-on-year to reach Rs 3,911.88 crore for the quarter that ended on June 30, 2023

After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding

Last week the lender tied up its second Euro 150 million funding with German govt-owned KFW as part of solar partnership with India

Amid rising credit demand, SBI  looks for a revamp to increase deposits

The State Bank of India is planning to revamp its current and savings accounts, salary accounts, and transaction banking businesses

Expecting to sustain loan growth of 15% in current fiscal: SBI chairman

The country's largest lender reported a 14.93 per cent rise in advances to Rs 29,00,636 crore in the first quarter ended June 30, 2022 as compared to Rs 25,23,793 cr during the same period a year ago

Solv raises $40 million in funding round led by Japan's SBI Holdings

Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings

Retired SBI senior executive Natarajan Sundar joins NARCL as MD CEO

Karnam Sekar, Malvika Sinha named independent directors; NARCL Board now has 5 nominees from shareholder banks, one more independent director likely to join soon

State Bank of India to raise $2 billion through overseas bonds in FY23

The executive committee of the Bank's central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches, the bank informed BSE