State Bank of India launches digital banking app in the UK


Officials in Delhi said millions in the restive Himalayan region will be able to receive service messages from Wednesday (11), including one-time passwords from financial institutions (Photo: Martin Ollman/Getty Images).
Officials in Delhi said millions in the restive Himalayan region will be able to receive service messages from Wednesday (11), including one-time passwords from financial institutions (Photo: Martin Ollman/Getty Images).

STATE Bank of India (SBI) has launched its digital banking application (app) YONO for its SBI (UK) Limited customers.

The app was launched by SBI Chairman Rajnish Kumar at an event co-hosted with the UK India Business Council (UKIBC).

SBI has now decided to make YONO global, starting with the United Kingdom.

Originally launched in 2017 by SBI in India, YONO combines mobile banking and lifestyle.

YONO SBI UK is an enhanced mobile app and available on both the App and Google Play stores.

The facility of opening an account through the app will be made available shortly, India’s largest state-owned lender said.

YONO SBI UK offers remittances to India, which is available round the clock on all days in a week with attractive exchange rates.

Kumar said: “I am delighted to launch YONO for our UK customers, after its success in India. I am sure the easy-to-use features and refreshing design will ensure that the app offers a positive customer experience, and showcases the bank’s strong focus on digital banking, as well as highlight SBI’s technological capabilities.”

Richard Heald, Group Chief Executive, UK-India Business Council, said: “It is exciting to see how passionate SBI is in its determination to deliver innovative technological products to its customers, particularly here in the UK which has a large Indian diaspora.”

The app will allow customers with accounts in both SBI UK and SBI in India to access their accounts through one app, thereby improving the customer experience and ease-of-use.