YONO

Indian digital banking platform powere by SBI

YONO

Developer(s)| IBM
Initial release| 24 November 2017; 7 years ago (2017-11-24)
Stable release(s)

| Android| 1.24.04 / 11 September 2024; 10 months ago (2024-09-11)

|

iOS| 1.24.04 / 12 September 2024; 10 months ago (2024-09-12)

Platform| Android
iOS
Size|

* 156.6 MB (iOS)
* 95 MB (Android)

Available in| English
Type| Payment
UPI
Website| yonobusiness.sbi

YONO (You Only Need One) is an Indian state-owned digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as flight, train, bus and taxi bookings, online shopping, or medical bill payments.[1] YONO is offered as a mobile banking app for both Android and iOS.[2] The launch of YONO had a code name project Lotus.

## Development and Launch

[edit]

Yono emerged from SBI's initial plan to make an "online marketplace" to attract millennials.[3] The initiative was named "Project Lotus". It was nurtured for initial four years by Rajnish Kumar as an MD and then as the Chairman of bank.[3] The app was launched in November 2017.[3]

## Features

[edit]

YONO offers services from over 100 e-commerce companies including online shopping, travel planning, taxi booking, train booking, movie ticket booking, online education and offline retail with special discounts.[4] YONO also offers conventional mobile banking services such as bank account opening, fund transfers, cashless bill payments, and loans. The smartphone app can be used to make ATM withdrawals without using any ATM card through "Yono Cash" feature.[5] As of October 2021, the app had emerged as the largest digital lender in India generating an average of Rs 1500-2000 crores loans per month.[3] On 2 July 2023, a new version of Yono app was launched with the introduction of a new UPI feature which enabled other bank customers to use the app for UPI payments. The update also brought QR scanning and pay-by-contact UPI functionalities.[6]

## Yono Lite

[edit]

Yono Lite is a mobile banking application from the State Bank of India.[7][8] Earlier, it was available as "SBI Anywhere Personal" but it was rebranded as "Yono Lite" in 2018, after the introduction of YONO app.[9] In 2021, Yono Lite saw several updates to protect its users from digital frauds.[10]

## Yono Business

[edit]

Yono Business mobile app is available on Play Store and App Store for Corporate Internet Banking users.[11]

## References

[edit]

1. ^ "SBI launches YONO, an integrated app for financial services". The Hindu. 23 November 2017. Retrieved 24 November 2017.
2. ^ "How To Register For SBI Mobile Banking?". BQ Prime. 6 December 2022.
3. ^ a b c d "Inside account of how SBI's YONO became one of the largest digital lenders in India". Business Today. 22 October 2021.
4. ^ "SBI's YONO allows instant digital savings accounts, online loans". The Times of India. 24 November 2017. Retrieved 24 November 2017.
5. ^ Dubey, Navneet (2019-04-05). "How to withdraw cash from SBI ATM without using debit card or SBI YONO app". The Economic Times. Retrieved 2019-05-23.
6. ^ "SBI YONO App Launched With an Updated Version: Check All the New Features Here". The Quint. 4 July 2023.
7. ^ Ojha, Sangeeta (2021-08-02). "SBI launches new feature in Yono, Yono Lite app. Benefits and other details here". mint. Retrieved 2022-07-24.
8. ^ Sbi official site
9. ^ SBI Yono Lite Complaint Box: SBI Yono Mobile App Customer Care Support
10. ^ Sharma, Reema (2021-08-03). "SBI YONO, YONO Lite get security features for protection from digital frauds". Zee News. Retrieved 2022-07-24.
11. ^ "Yono Business".

* v
* t
* e

State Bank of India

Subsidiaries|

| India|

* SBI Card
* SBI General Insurance
* SBI Life Insurance Company
* SBI Capital Markets
* SBI Mutual Fund
* Yes Bank

|

International|

* PT Bank Indo Monex
* SBI Australia
* SBI Bangladesh
* SBI Baharain
* SBI Botswana
* SBI Canada Bank
* SBI China
* SBI (Mauritius) Limited
* Nepal SBI Bank Limited
* SBI Sri Lanka
* SBI South Korea
* SBI South Africa
* SBI UK Limited
* SBI USA

JVs|

* SBI Payments (76%) (JV with Hitachi Payments)

Predecessors|

* Imperial Bank of India (1921–1955)
* Bank of Calcutta (1806–1921)
* Bank of Bombay (1840–1921)
* Bank of Madras (1843–1921)

Major frauds|

* Rajkissore Dutt Case
* Nagarwala case

Mergers|

* State Bank of Bikaner & Jaipur (1963–2017)
* State Bank of Hyderabad (1941–2017)
* State Bank of Indore (1960–2010)
* State Bank of Mysore (1913–2017)
* State Bank of Patiala (1917–2017)
* State Bank of Saurashtra (1948–2008)
* State Bank of Travancore (1945–2017)
* Bharatiya Mahila Bank (2013–2017)

Investments|

* Jio Payments Bank (30%)
* Yes Bank (30%)
* Andhra Pradesh Grameena Vikas Bank (35%)
* Kaveri Grameena Bank (35%)

People|

| Chairperson|

* John Matthai (1955-1956)
* H. V. R. Iengar (1956-1957)
* P. C. Bhattacharya (1957-1968)
* Borra Venkatappaiah (1962-1965)
* V. T. Dehejia (1965-1969)
* Raj Kumar Talwar (1969-1976)
* T. R. Varadachary (1976-1977)
* P. C. D. Nambiar (1977-1982)
* V. S. Natarajan (1982-1983)
* R. P. Goyal (1983-1983)
* Vishwanath N. Nadkarni (1983-1984)
* D. N. Ghosh (1985-1989)
* Atal V. (1990-1990)
* M. N. Goiporia (1990-1992)
* Dipankar Basu (1993-1995)
* P. G. Kakodkar (1995-1997)
* M. S. Verma (1997-1998)
* M. P. Radhakrishnan (1998-1999)
* G. G. Vaidya (1999-2000)
* Janki Vallabh (2000-2002)
* Arun Kumar Purwar (2002-2006)
* O. P. Bhatt (2006-2011)
* Pratip Chaudhuri (2011-2013)
* Arundhati Bhattacharya (2013-2017)
* Rajnish Kumar (2017-2020)
* Dinesh Kumar Khara (2020–2024)
* Challa Sreenivasulu Setty (2024–present)

|

Current|

* Rama Mohan Rao Amara (SBI Cards)
* Prakash Chandra Kandpal (SBI General)
* Arun Mehta (SBICAPS)
* Mahesh Kumar Sharma (SBI Life)

CSR|

* SBI Foundation
* State Bank Archives and Museum

Mobile banking|

* YONO
* Yono Lite

## External Links

[edit]

* Official Website

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