The nation’s largest lender State Bank of India (SBI) launched a facility called ‘mPassBook’ , on its ‘State Bank Anywhere’ mobile application, for its retail banking users.
Launching the facility, SBI Chairman Arundhati Bhattacharya, said that ‘mPassBook’ is an electronic application of a physical passbook for savings bank and current accounts.
The facility is currently available on Android phones but would soon be available on iOS and Blackberry phones too. The facility empowers users to view their transaction history on their smartphone and maintain an entire year’s historical data on it.
SBI Deputy General Manager for Development Channels Arvind Rastogi said that the application has received a good response from users after its launch six months ago, with over 1.5 million downloads with an average user rating of 4.4 out of five.