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SBI shelves plan to hive off Yono app SBI is also looking to expand Yono Business through which it has made it easier for corporate customers to apply for letters of credit and bank guarantees.Premium 2 min read Share Via Read Full Story State Bank of India (SBI) has shelved plans to hive off its super app Yono. It will instead build the app into a wider platform that can be used by rival lenders and add more capabilities to it. “The potential for monetization is there, but the timeline for monetization is not. Yono has to be extended in a manner that goes beyond SBI," a senior banker aware...

SBI Payments to launch YONO merchant app Merchants will now be able to turn their NFC enabled Android smartphones into payment acceptance devices through a simple mobile app. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  India’s largest lender, State Bank of India, will launch a YONO merchants app to enable 20 million merchants from tier 2, 3 cities to adopt digital payments. The lender plans to deploy low-cost acceptance infrastructure across India over the next two years targeting the potential merchants across India in the Retail and Enterprise segment. The in...

"SBI to offer home loans starting from 6.80% against 6.90% earlier" January 08, 2021 × 100% processing fee waiver, 5 bps extra cut for women, balance transfer, application through YONO among other sops State Bank of India (SBI) has cut the minimum interest rate at which it will offer home loans up to ₹30 lakh to 6.80 per cent from 6.90 per cent. Further, for home loans above ₹30 lakh, the minimum interest rate has been pared to 6.95 per cent from 7 per cent. India's largest bank said it now provides higher interest concession based on the loan amount, the borrowers' creditworthiness, an...