Page 2 - Sbi Yono

GST on insurance premiums should be reduced to 5% or nil: SBI Research

Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration

Why top lenders are laying the groundwork for digital-only banks

SBI is revamping its mobile application to turn to a complete digital bank, which will be named 'Only Yono'. HDFC Bank is working on a similar plan. What does this mean for future for banking?

SBI to revamp banking app YONO, position it as complete digital bank

YONO has three facets, namely DB for seamless and intuitive banking services

SBI YONO leads neobanking club with 54 million monthly active users

According to SBI's assessment, YONO is valued at around $40 billion but analysts say that it would have surpassed or hit $50 billion in 2021.

State Bank of India offers pre-approved 2-wheeler loan on mobile app

Already, the bank gives a 5 basis points discount on home loans if it is applied online/Yono

Morgan Stanley believes SBI is well-placed to capitalise cyclical lift

Morgan Stanley has raised its one-year target price to Rs 600 apiece. In their bull-case, the target price is pegged at Rs 830, implying a 100 per cent upside from Wednesday's close

YONO, earnings recovery key triggers for SBI: Goldman Sachs, Macquarie

State Bank of India stock was the top performing stock on the Nifty bank index today, and supported the index to claim a fresh record high of 32,683.5 on the NSE. The index is up 100% from March lows

Free-for-all apps: Avail bank facilities even if you are not a card holder

ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days

ATM moment of banking services is here as lenders make apps open for all

What do banks gain by opening their apps for all? The answer - rival bank's customers under their fold.

SBI to boost retail loan book, sees earnings improving

SBI's bad loan ratio fell to 5.28 per cent at the end of September from 5.44 per cent three months earlier

Wherever we've seen unlocking, we've seen a revival in demand: SBI Chairman

Inflation rate in excess of 7% is essentially attributed to supply-side constraints, says chairman

SBI increases sops for home loans above Rs 75 lakh in festive push

Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh

SBI is future-ready and in Dinesh Khara's safe hands: Rajnish Kumar

Kumar's last day in office was on October 6. He had been in the bank as chairman for three years and served it in various capacities for almost 40 years

SBI looking to hive off Yono into separate subsidiary, says Rajnish Kumar

He said once Yono becomes an independent entity then even SBI would become its user or one of the users.

SBI's next challenge: Keeping digital banking app YONO ahead of the curve

Bank enters uncharted territory as it looks to license app, which it values at $40 billion

HDFC Bank, ICICI Bank bring sops for customers ahead of festive season

HDFC Bank's business is back to pre-covid levels, says Aditya Puri

SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

SBI to turn YONO platform into financial services platform: Rajnish Kumar

The subsidiary will get its revenues streams by providing services to financial sector players, says lender

Titan ticks with Covid times to roll out contactless payments watches

Titan Pay range, launched in tie-up with SBI, allows bank's YONO account holders to tap the watch on contactless payment POS machines without having to swipe or insert bank card\

YONO biggest start-up by a legacy bank, worth over $40 bn: SBI chairman

Within three years of its launch, YONO, the digital banking platform of the country's largest lender SBI, has a valuation of over USD 40 billion, the bank's chairman Rajnish Kumar said on Wednesday. The bank is also working on creating a business-to-business (B2B) platform for bill receivables, called 'Bharat Draft', which will have all the MSMEs registered, he said. SBI had launched the YONO platform in November 2017 to help its customers' banking, investment and shopping needs. Speaking at an event organized by ETBFSI.com, Kumar said YONO, which is an acronym for You Only Need One, is a profitable platform and rued that no one gets to know its valuation because it sits within the bank. "Only thing is that because it is sitting in the bank, it does not get reflected in the valuations. If it was sitting outside banks, my valuation would bemay be USD 40-50 billion for YONO given the valuations which the start-ups get," he said. Kumar, whose three-year term as the chairman comes to