State Bank Of India

State Bank of India (SBI) is actively looking to hive off its digital platform Yono into a separate subsidiary. Yono or You Only Need One App is the lender's integrated banking platform. Once Yono becomes an independent entity then even SBI would become its user or one of the users. However, the discussions are at an early stage and the valuation of Yono has also not been done so far. Recently, Yono could have a valuation of around $40 billion.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.