News > SBI shelves plan to hive off Yono app

SBI shelves plan to hive off Yono app

Under current SBI chairman Dinesh Kumar Khara, the plan is to turn the app into a platform where all banks, including SBI, can offer their products and services. The idea is that the product will be more valuable to investors once the app is fully built out as a platform.

The app has seen its user base nearly double to 32 million at the end of December 2020 from 17 million a year ago.