State Bank of India reported record profits driven by its digital banking platform, YONO, despite a relatively small digital user base. While YONO contributes significantly to loan disbursements and transactions, SBI faces challenges in converting its vast legacy customer base to digital platforms. Experts suggest optimizing digital adoption and phasing out underutilized physical infrastructure to enhance efficiency and market valuation. Post navigation Gold surges Rs 580 to Rs 97,030, Silver jumps Rs 500 amid global market rally US markets open lower, Dow plunges over 250 points amid Moody’s downgrade and debt concerns
