SBI customer alert! Online banking will be affected during this period on August 6


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Highlights

  • SBI’s digital banking platforms such as Yono, Yono Lite, online banking and Yono Business will be impacted
  • On Wednesday, SBI announced its highest quarterly profit on record.
  • Its net profit for the April to June quarter of the current fiscal year jumped 55.25% to Rs 6,504 crore.

New Delhi: The State Bank of India (SBI), the country’s largest lender, said its digital services will be affected for a few hours due to maintenance work on August 6 and 7.

“We ask our valued customers to stay with us as we strive to provide a better banking experience,” SBI tweeted from its official account.

SBI’s digital banking platforms such as Yono, Yono Lite, online banking and Yono Business will be impacted between 10:45 p.m. on August 6 and 1:15 a.m. on August 7, the lender said.

In the tweet, SBI said, “We will be undertaking maintenance activities between 10:45 p.m. on August 6 and 1:15 a.m. on August 7 (150 minutes). During this period, online banking / Yono / Yono Lite / Yono Business will be unavailable. “

It should be mentioned here that SBI recently added a new and improved security feature – “SIM Binding” in Yono and Yono Lite to protect the interests of its customers.

The new version of these platforms is expected to protect customers against various digital frauds. With the SIM link function, YONO and YONO Lite will only work on devices that have a SIM card of mobile numbers registered with the Bank.

To access the new version of Yono and YONO Lite with enhanced security features, users will need to update their mobile app and complete the one-time registration process on those apps.

On Wednesday, SBI announced its highest quarterly profit on record. Its net profit for the April to June quarter of the current fiscal year jumped 55.25% to Rs 6,504 crore, helped by lower bad debt provisions and higher non-interest income. In the corresponding quarter of the previous fiscal year, the lender reported a net profit of Rs 4,189 crore.

At 11:50 am, SBI shares were trading down 2.74% at Rs 444.45 each after hitting a 52-week high of Rs 467.45 on Wednesday after reporting a solid set of numbers.


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