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Behind The SBI Yono Hype & The $40 Bn Query

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SBI Chairman Rajnish Kumar’s latest assertion that SBI Yono may have been valued between $40-$50 Bn if it have been a startup, has undoubtedly raised a couple of eyebrows.

With a slew of on-line purchasing partnerships and tie-ins with different companies, Yono is within the pursuit of changing into a high fintech and life-style app with a present whole consumer base of 27 Mn

Competing with the likes of Tata and Reliance in India’s tremendous app race, can SBI Yono overcome its present technical shortcomings and forge an id unbiased of SBI within the close to future?

“Yono has great potential and can even hit the $100 Bn mark….”  

One may already sense an enormous ‘IF’ coming as Suhail Sameer, group president of BharatPe, delved into the chance for SBI Yono.

“..if Yono plays its cards well,” he concluded.  

SBI Chairman Rajnish Kumar’s latest assertion that Yono may have been valued between $40-$50 Bn if it have been a startup has undoubtedly raised a couple of eyebrows.



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