State Bank of India is proposing to launch 2 new YONO (You Only Need One) apps – YONO Krishi and YONO Global. The bank’s chairman Rajnish Kumar said this is being done after the overwhelming response the bank received for its original YONO app. He said YONO Krishi, which will have all the retail facilities, will also cater to the specific needs of farmers and create an ecosystem for them. They can purchase products, know weather and soil information, open accounts and apply for loans through this application. It will be available in 8 vernacular languages. The YONO Global will cater to NRI citizens and people on the move, he added. YONO has over 1 crore downloads with more than 3 lakh logins per day. It not only intends to connect with the young generation of the country, but also create a marketplace for various financial products.
