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yono: SBI introduces digital opening of NRE/NRO account setup through YONO

State Bank of India (SBI) has launched a digital service on its mobile app YONO, allowing Non-Resident Indians (NRIs) to easily open NRE and NRO accounts. This service is designed for new customers, providing a hassle-free process for account opening and management. SBI has leveraged technology to create a seamless and efficient account opening process, offering a one-stop solution for NRI banking needs. ....

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SBI | SBI share price: SBI MD on YONO 2.0, growth, incremental CRR and more

"The impact of incremental CRR differs from one institution to another. The large banks may not have significant impact because most of us, the top five-six banks have adequate liquidity in their books but it has indeed taken away some of the liquidity which was available. Also, September is a month of advance corporate tax payments. There will be some pressure on the liquidity and hopefully, RBI will be taking a positive view when they review on the 8th of this month to relax the ICRR." ....

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