What is Digital Lending?
Digital Lending is a remote and automated lending process, largely by use of seamless digital technologies for customer acquisition, credit assessment, loan approval, disbursement, recovery, and associated customer service.
Is our Bank compliant with the Digital Lending guidelines ?
Sate Bank of India is compliant with the Digital Lending Guidelines issued by RBI vide its circular letter No. RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 dated 02.09.2022.
Channels on which these Digital Lending Services are offered?
State Bank of India is offering Digital Lending Services through its following channels/Apps/Platforms:
i. YONO SBI App
ii. YONO Business SBI App
iii. Internet Banking Platform (INB)
Our customers can avail loans / initiate loan requests through above digital Channels/Apps/platforms, subject to the applicable terms & conditions.