YONO India's first lifestyle and banking app from State Bank of India

YONO lndia's first lifestyle and banking digital platform from SBl

• First integrated platform for financial services & daily I lifestyle needs
• Brings over 60 e-commerce players offering customized offers and discounts 
• Caters to lifestyle needs across l4 categories
• Device neutral. available on both; iOS and Android

Mnmbai: November 24: State Bank of india (SBl) is set to launch India‘s first comprehensive degital platform YONO. acronym for ‘You Only Need One‘. This will be an integrated Omni-channel digital platform that offers lust about everything related to financial services and lifestyle products/ services will be launched at the hands of the Union Minister for Finance and Corporate Affairs. Shri. Arun jaitley in Delhi on 24“ November 20l7. In addition to an array of banking & financial services. YONO will also allow customers to meet their lifestyle needs across l4 categories including booking & renting cabs, entertainment, dining eperience, travel & Stay. medical needs and so on. The bank has partnered with over 60 Ecommerce players to provide customized offers and discounts to customers. Some of the key e-commerce Companneis include Amazon. Uber. Ola. l‘lyntra. Jabong, Shoppers Stop. Cox & Kings, Thomas Cook. Yatra, Airbnb, Swiggy, Byjus,.etc

YONO is a path breaking comprehensive digital product from SBl developed using the world‘s latest digital technologies such as Artificial Intelligence. Predictive Analytics and Machine Learning and can be accessed thmugh a mobile application and web portal. With YONO, 

customers can:

• Open an SBI bank account digitally in less than five minutes 
• Transfer funds in just four clicks
• Avail of pro-approved personal loan sans anypaperwork
• Get overdraft facility against fixed deposit 
• Have one view of their banking and financial portfolio of SBl Group companies 
• Benefit from intelligent spend analyser 
• Utilise conversational banking "guide through 'Chat bot‘

YQNO will be the first digital banking platform to offer customized products and offers from over 60 e-cemmerce players by leveraging analytics. This will also be the first to offer online purchase and view of insurance policies within the portal. without redirecting customer to respective service nmvider. and to seamlessly access and purchase of investment products.

YONO can be accessed through mobile phones, both android and iOS, and on the web through a browser. and allows a seamless omni-channel customer experience.

Quote from: Mr. Rajnish Kumar, Chairman, SBI “India is going digital at an unprecedented pace and we at SBI have been taking significant strides in the digital banking space. With the launch of YONO, customers will be able to seamlessly access lifestyle offerings and financial services with a single user id and password. The portal has been designed to offer maximum customer convenience where each journey has been designed with minimum possible clicks with easy to understand descriptions. We believe this app will help us increase engagement with our customers and enhance their banking."

State Bank of India (SBI) is the largest commercial bank in India in terms of assets. deposits. profits. branches. customers and employees. As on September 30, 20l7, the bank has a deposit base of Rs. 26.23 lakh crore with CASA ratio of 43.8l% and advances of Rs. l8.92 lakh crore. SBI has 3 l.97% market share in home loans and 34.64% market share in auto loan. The Bank has the largest network of 22900 branches in India and ATM network of 58.9 | 6. SBI is present in 36 countries with 205 offices. SBI has 2.57 crore mobile banking users and 4.2 crore internet banking customers. On social media platforms. SBI has the highest number of followers on Facebook, Youtube. Linkedin and Pinterest. Bank tops the list of followers on Facebook and Youtube across all banks in the world.