SBI YONO 2.0 Launch: According to reports, State Bank of India intends to hire 6,500 employees and target 20 crore users.

At a Mumbai event, SBI Chairman CS Shetty introduced the new SBI YONO 2.0 online banking platform.

YONO 2.0, the updated version of the State Bank of India’s (SBI) digital banking and services platform, was introduced in India on Monday. The platform was introduced at a Mumbai event. A senior official reportedly disclosed the financial institution’s plans to engage around 6,000 additional workers during the introduction of the revised SBI YONO 2.0. This move is anticipated to assist the bank in moving its clients to its updated digital services channels, such as the online portal and mobile app.

The SBI YONO 2.0 Digital Banking Platform Combines Online and Mobile Banking

Eight years after the bank first introduced the YONO digital banking platform, SBI YONO 2.0, the bank’s redesigned digital banking platform, was introduced in India on Monday, according to a Mint article. According to reports, YONO 2.0 is “a simpler and lighter” program that requires fewer resources. It can also run on phones with less powerful hardware and in places with inadequate internet and cellular connectivity.

The new SBI YONO 2.0 mobile banking software allows users to pay bills, transfer money, check their account balance, and conduct Unified Payments Interface (UPI) operations, according to the article. In order to compete with popular services like Google Pay and PhonePe, the bank reportedly revamped its UPI payments stack. Additionally, it will use “simplified KYC and re-KYC processes,” which are supposed to lessen the number of times a person must complete the verification process.

According to reports, SBI’s new YONO 2.0 digital banking platform will lessen payment delays brought on by “weak” networks by providing enhanced security measures like transaction controls and a new OTP creation procedure.

The SBI YONO 2.0 digital banking platform combines online and mobile banking into a single backend architecture, according to a CNBC TV18 report. This indicates that the technology infrastructure and user interface of the mobile app and the online banking portal are similar. Customers of the financial institution are reported to be able to switch between the two platforms “without disruption” thanks to this, which also improves continuity “across channels.”

SBI Chairman CS Setty reportedly disclosed the organization’s intention to onboard 200 million (or 20 crore) digital customers onto its enhanced digital banking platform during the YONO 2.0 launch event. According to reports, SBI plans to hire 6,500 new workers by March 31, 2026, of which 3,500 roles have already been filled.

𝑭𝒐𝒓 𝑹𝒆𝒈𝒖𝒍𝒂𝒓 & 𝑭𝒂𝒔𝒕𝒆𝒔𝒕 𝑻𝒆𝒄𝒉 𝑵𝒆𝒘𝒔 𝒂𝒏𝒅 𝑫𝒆𝒂𝒍𝒔&𝑶𝒇𝒇𝒆𝒓𝒔, 𝑭𝒐𝒍𝒍𝒐𝒘 𝑻𝑬𝑪𝑯𝑵𝑶𝑿𝑴𝑨𝑹𝑻 𝒐𝒏 𝑻𝒘𝒊𝒕𝒕𝒆𝒓, 𝑭𝒂𝒄𝒆𝒃𝒐𝒐𝒌, 𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎, 𝑮𝒐𝒐𝒈𝒍𝒆 𝑵𝒆𝒘𝒔 𝒂𝒏𝒅 𝑺𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆 𝑯𝒆𝒓𝒆 𝑵𝒐𝒘. 𝑩𝒚 𝑺𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒊𝒏𝒈 𝒀𝒐𝒖 𝑾𝒊𝒍𝒍 𝑮𝒆𝒕 𝑶𝒖𝒓 𝑫𝒂𝒊𝒍𝒚 𝑫𝒊𝒈𝒆𝒔𝒕 𝑯𝒆𝒂𝒅𝒍𝒊𝒏𝒆𝒔 𝑬𝒗𝒆𝒓𝒚 𝑴𝒐𝒓𝒏𝒊𝒏𝒈 𝑫𝒊𝒓𝒆𝒄𝒕𝒍𝒚 𝑰𝒏 𝒀𝒐𝒖𝒓 𝑬𝒎𝒂𝒊𝒍 𝑰𝒏𝒃𝒐𝒙. 𝗝𝗼𝗶𝗻 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗻𝗲𝗹𝘀 𝗙𝗼𝗿 𝗡𝗲𝘄𝘀 & 𝗥𝗲𝗮𝗹 𝗧𝗶𝗺𝗲 𝗗𝗲𝗮𝗹 𝗔𝗹𝗲𝗿𝘁𝘀.