# SBI YONO (State Bank of India)

> Source: https://docs.barcoder.ai/docs/wallets/sbi-yono
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [State Bank of India — official](https://www.sbi.co.in/)

## Overview

**State Bank of India (SBI)** is **India's largest bank by assets and customers** + **India's largest public sector bank** <sup>[1][1], [2][2], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>. **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** <sup>[3][3], [4][4]</sup>:
- **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** <sup>[1][1]</sup>: 87.7M YONO users FY25.

**2025 — SBI Chairman CS Setty announces SBI YONO 2.0** targeting 20 crore users in 2 years <sup>[3][3]</sup>.

**Early 2026 — SBI market cap crossed ₹10 Lakh Crore** — India's most valuable public sector company + global Top-10 bank by valuation <sup>[4][4]</sup>.

## 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 QR](https://docs.barcoder.ai/docs/standards/upi-qr)** (NPCI Unified Payments Interface) + **[Bharat QR](https://docs.barcoder.ai/docs/standards/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

**2025 baseline** <sup>[1][1], [3][3], [4][4]</sup>:
- **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 App](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/paytm)** + **[PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe)** + **[Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay)** (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 App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (India's largest private sector bank rival; 120M+ post-merger; world's 10th largest by market cap) | [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (India's 2nd private sector bank + iMobile Pay first-of-its-kind app rival) | [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (India's 3rd largest private bank comparable) | [ICBC Mobile Banking](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [3][3]</sup>:
- **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]: https://en.wikipedia.org/wiki/State_Bank_of_India "State Bank of India — Wikipedia"
[2]: https://www.sbi.co.in/ "State Bank of India — official"
[3]: https://hellobankers.com/sbi-yono-2-launch-20-crore-users/ "SBI to Launch SBI YONO 2.0 Targets 20 Crore Users — Hellobankers"
[4]: https://www.statista.com/statistics/944665/india-leading-public-sector-banks-based-on-market-capitalization/ "India: largest public sector banks 2025 — Statista"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [State Bank of India — Wikipedia][1]
- [2] [State Bank of India — official][2]
- [3] [SBI to Launch SBI YONO 2.0 Targets 20 Crore Users — Hellobankers][3]
- [4] [India: largest public sector banks 2025 — Statista][4]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [sbi-yono.md](https://docs.barcoder.ai/source/wallets/sbi-yono). See `matrix.md` for standards-support matrix if present.