Wallets/sbi-yono
SBI YONO (State Bank of India)
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Overview
State Bank of India (SBI) is India's largest bank by assets and customers + India's largest public sector bank [1, 2, in-cro]. 2025 baseline: 23% market share by assets + 25% share of total loan and deposits market + 53+ crore (530M+) customers + 43rd largest bank in the world by total assets.
Distinctive SBI YONO positioning [3, 4]:
- YONO = "You Only Need One" — SBI's flagship banking + lifestyle super-app launched November 23, 2017
- SBI YONO FY25 baseline: 87.7M YONO users in FY25
- SBI YONO 2.0 launch: Major tech upgrade per SBI Chairman CS Setty; targets 20 crore (200M) YONO users in 2 years (doubling)
- Early 2026: SBI market capitalization crossed ₹10 Lakh Crore milestone — India's most valuable public sector company + global Top-10 bank by valuation
- Fortune Global 500 (2025): SBI ranked 163rd
History
1806 — Bank of Calcutta founded — distinctive India's first commercial bank + SBI predecessor.
1921 — Imperial Bank of India formed via merger of Bank of Bengal + Bank of Bombay + Bank of Madras.
1955 — State Bank of India formed via nationalization of Imperial Bank of India by Government of India.
2017-11-23 — SBI YONO launches as SBI's flagship banking + lifestyle super-app.
2017-2025 — Mass Indian YONO adoption [1]: 87.7M YONO users FY25.
2025 — SBI Chairman CS Setty announces SBI YONO 2.0 targeting 20 crore users in 2 years [3].
Early 2026 — SBI market cap crossed ₹10 Lakh Crore — India's most valuable public sector company + global Top-10 bank by valuation [4].
Ownership & operator
Operating entity: State Bank of India (BSE: 500112; NSE: SBIN).
Major shareholders: Government of India (Indian state; majority shareholder ~56.92%) + Foreign Institutional Investors + Domestic Institutional Investors + LIC (Life Insurance Corporation of India) + BSE + NSE public floats.
Regulators: RBI (Reserve Bank of India) + SEBI (Securities and Exchange Board of India) + per-country.
Technical integration
| Layer | Description |
|---|---|
| Channels | SBI YONO app (iOS + Android; primary IN retail-banking mobile + lifestyle super-app since Nov 23 2017) + YONO SBI Business + SBI Online Banking + SBI cards (Visa + Mastercard + RuPay) + SBI extensive branch network (largest Indian banking footprint) |
| Identifiers | Phone + email + card number + Aadhaar (Indian UIDAI national ID) |
| IN rails | [[upi]] (NPCI Unified Payments Interface) + bharat-qr (NPCI BharatQR + interoperable QR) |
| License | Bank (SBI full Indian banking license; India's largest bank + largest public sector bank) |
| Sub-products | YONO SBI (banking + lifestyle super-app since Nov 23 2017) + YONO SBI Business + SBI Account + SBI Cards (SBI Cards & Payment Services Ltd; subsidiary) + SBI Credit + SBI Home Loans + SBI Auto Loans + SBI Investments + SBI Life Insurance + SBI General Insurance + SBI Mutual Fund + SBI Capital Markets + SBI Securities + SBI Funds Management |
| Distinctive YONO 2.0 (2025-2027 plan): Major tech upgrade targeting 20 crore users in 2 years (doubling from 87.7M FY25) |
Users & growth
- 53+ crore (530M+) SBI customers (Indian state-bank serving largest base in India)
- 23% market share by assets + 25% share of total loan and deposits market
- 87.7M SBI YONO users in FY25
- SBI YONO 2.0 launch: Targets 20 crore (200M) YONO users in 2 years (doubling)
- 43rd largest bank in the world by total assets
- Fortune Global 500 (2025): 163rd
- Early 2026: SBI market cap crossed ₹10 Lakh Crore (global Top-10 bank by valuation)
Use cases
Indian + multi-country retail + corporate + investment + wealth-management + insurance + home loans + auto loans + government-of-India transactions banking via SBI YONO (banking + lifestyle super-app) + YONO SBI Business + SBI Online + cards + branches (largest Indian banking footprint); UPI + BharatQR Indian national rails; SBI Cards & Payment Services + SBI Life Insurance + SBI General Insurance + SBI Mutual Fund + SBI Capital Markets + SBI Securities; 21+ countries multi-country presence.
Implementations & partners
Operator: State Bank of India (BSE: 500112; NSE: SBIN).
Major shareholders: Government of India (Indian state; majority ~56.92%) + FII + DII + LIC + BSE + NSE public floats.
Major Indian banking + fintech competitors:
- [[hdfc-bank]] (HDFC Bank; India's largest private sector bank by assets + market cap; 120M+ customers post-2023 HDFC Ltd merger; world's 10th largest bank by market cap)
- [[icici-bank]] (ICICI Bank; India's 2nd largest private sector bank; iMobile Pay first-of-its-kind India app for all banks; 1+ crore non-ICICI customers)
- Axis Bank (India's 3rd largest private sector bank)
- Kotak Mahindra Bank + IndusInd Bank + Yes Bank + IDBI Bank + Federal Bank (Indian private banks)
- Bank of Baroda + Punjab National Bank + Canara Bank + Union Bank of India + Bank of India + Indian Bank (Indian public sector banks)
- [[paytm]] + [[phonepe]] + [[google-pay-in]] (Indian UPI + wallet ecosystem)
SBI subsidiaries: SBI Cards & Payment Services Ltd (NSE: SBICARD) + SBI Life Insurance (NSE: SBILIFE) + SBI General Insurance + SBI Mutual Fund + SBI Capital Markets + SBI Securities + SBI Funds Management.
Regulators: RBI + SEBI + per-country (CBUAE + others across 21+ countries).
Fun facts
- India's largest bank by assets and customers + India's largest public sector bank — 23% market share by assets + 25% share of loan/deposits market.
- 53+ crore (530M+) SBI customers — Indian state-bank serving largest base in India.
- 43rd largest bank in the world by total assets.
- Fortune Global 500 (2025): 163rd.
- Early 2026: SBI market cap crossed ₹10 Lakh Crore — India's most valuable public sector company + global Top-10 bank by valuation.
- November 23, 2017 SBI YONO launch — "You Only Need One" banking + lifestyle super-app.
- 87.7M SBI YONO users in FY25.
- SBI YONO 2.0 targets 20 crore (200M) users in 2 years (doubling).
- 1806 Bank of Calcutta founding — distinctive India's first commercial bank + SBI predecessor.
- 1955 SBI formed via nationalization of Imperial Bank of India by Government of India.
- Government of India ~56.92% majority shareholder.
Comparison
| Feature | SBI YONO | [[hdfc-bank]] (India's largest private sector bank rival; 120M+ post-merger; world's 10th largest by market cap) | [[icici-bank]] (India's 2nd private sector bank + iMobile Pay first-of-its-kind app rival) | [[axis-bank]] (India's 3rd largest private bank comparable) | [[icbc-mobile]] (World's #1 bank by total assets comparable global) |
|---|---|---|---|---|---|
| Operator | State Bank of India (BSE: 500112; NSE: SBIN; Government of India ~56.92% majority + FII + DII + LIC + BSE + NSE public floats) | HDFC Bank Limited (BSE: 500180; NSE: HDFCBANK; NYSE: HDB; widely held + HDFC Ltd founding parent merged Jul 2023) | ICICI Bank Limited (BSE: 532174; NSE: ICICIBANK; NYSE: IBN; widely held: FII + DII + LIC + Government of India indirect via LIC + BSE + NSE + NYSE public floats) | Axis Bank Limited (BSE: 532215; NSE: AXISBANK) | Industrial and Commercial Bank of China Limited (SSE: 601398; HKEX: 1398; Central Huijin Investment majority) |
| Type | India's largest bank + India's largest public sector bank + 23% market share by assets + 25% loan/deposit share + SBI YONO super-app + 53+ crore customers + 21+ countries | India's largest private sector bank by assets + market cap + world's 10th largest bank by market cap (2025) + 120M customers post-2023 HDFC Ltd merger + 8,735 branches + 20,938 ATMs + 8 countries | India's 2nd private sector bank by market cap + iMobile Pay (first-of-its-kind India app extending mobile banking to customers of all banks) + 14+ countries | India's 3rd largest private sector bank | World's #1 bank by total assets + market cap + 300M+ ICBC Mobile Banking users + 26+ countries |
| Country | IN + 20+ other countries | IN + 7 other countries | IN + 13+ other countries | India primary | CN + 25+ other countries |
| Users | 53+ crore (530M+) SBI customers; 87.7M YONO users FY25; SBI YONO 2.0 targets 20 crore (200M) users in 2 years; 23% market share by assets + 25% loan/deposit share; 43rd largest bank in world; early 2026 market cap crossed ₹10 Lakh Crore (global Top-10 bank by valuation) | 120M (12 crore) customers post-2023 HDFC Ltd merger (surpasses Germany population); world's 10th largest bank by market cap (2025) | iMobile Pay 1+ crore (10M+) customers of any bank on-boarded; India's 2nd private sector bank by market cap (₹9.94L crore Feb 9 2026) | India 3rd largest private | 300M+ active ICBC Mobile Banking users; 16,000+ branches; RMB 1.2T 2024 total sales |
| Distinctive | 1806 Bank of Calcutta founding (India's first commercial bank); 1955 SBI formed via nationalization of Imperial Bank of India; Government of India ~56.92% majority shareholder; Nov 23 2017 SBI YONO launch ("You Only Need One" banking + lifestyle super-app); SBI YONO 2.0 doubling target (87.7M → 20 crore in 2 years); 43rd largest bank in world; Fortune Global 500 163rd; early 2026 market cap ₹10 Lakh Crore (global Top-10 bank by valuation); SBI Cards + SBI Life + SBI General Insurance + SBI Mutual Fund subsidiaries | 1994 founding as private-sector bank by HDFC Ltd; Jul 2023 HDFC Ltd + HDFC Bank merger; 120M customers post-merger; multi-language strategy (Hindi + 10+ Indian languages); PayZapp digital wallet + HDFC Securities + HDB Financial Services subsidiaries | 1994 ICICI Bank founding; Jul 12 2020 iMobile Pay launch (India's first app extending mobile-banking beyond own customers to all banks' customers); ICICI Lombard + ICICI Prudential + ICICI Securities + ICICI Direct subsidiaries | India 3rd largest private bank | Jan 1 1984 founding (split from PBoC); 2006 IPO at the time world's largest; first CN bank to surpass 100M mobile banking users milestone; world's largest bank by total assets + market cap |
Status
Active, India's largest bank by assets and customers + India's largest public sector bank [1, 3]:
- State Bank of India (BSE: 500112; NSE: SBIN) since 1806 (Bank of Calcutta founding) / 1921 (Imperial Bank of India) / 1955 (SBI nationalization by Government of India).
- 53+ crore (530M+) customers + 23% market share by assets + 25% loan/deposit share.
- SBI YONO 87.7M users FY25 — SBI YONO 2.0 targets 20 crore (200M) users in 2 years.
- 43rd largest bank in the world by total assets; Fortune Global 500 (2025) 163rd.
- Early 2026 SBI market cap crossed ₹10 Lakh Crore — global Top-10 bank by valuation.
- Government of India ~56.92% majority shareholder.
- SBI Cards + SBI Life + SBI General Insurance + SBI Mutual Fund + SBI Capital Markets + SBI Securities + SBI Funds Management subsidiaries.
- RBI + SEBI + per-country regulated.
Sources
- 1 State Bank of India — Wikipedia
- 2 State Bank of India — official
- 3 SBI to Launch SBI YONO 2.0 Targets 20 Crore Users — Hellobankers
- 4 India: largest public sector banks 2025 — Statista
- in-cro In-corpus:
reports/countries/IN-india.md
Source
Biography extracted from sbi-yono.md. See matrix.md for standards-support matrix if present.