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Which bank launched ‘SIM Binding’ on its app in order to offer security to its customers from online frauds?
A)
ICICI Bank
B)
HDFC Bank
C)
State Bank of India
D)
Kotak Manhindra Bank

Correct Answer : Option (C) - State Bank of India


India’s largest lender State Bank of India (SBI) has launched a new and enhanced security feature for its YONO and YONO Lite apps, called ‘SIM Binding’, to protect customers from various digital frauds. Under the new SIM Binding feature, the YONO and YONO Lite apps will work only on those devices which have SIM of mobile numbers registered with the Bank. The main aim of the new version of the platform is to provide enhanced security to customers and help them with a convenient and safe online banking experience.

Published On : August 3, 2021
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