The State Bank of India (SBI) today announced the launch of mPassBook facility in 'State Bank Anywhere' mobile application for android smart phones released for SBI retail banking users. The facility was launched by Arundhati Bhattacharya, chairman, State Bank of India.

The mPassBook facility is an electronic application of a physical passbook for savings bank and current accounts. The facility is currently available on android phones and will be available on IOS and Blackberry phones soon. It records transactions from the first day of its usage and they get directly synced into the passbook. It empowers users to view their transactions history on their mobile devices on the go as an entire year of historical data will be maintained in it.
 
Arvind Rastogi, DGM (Development Channels) said, "The 'State Bank Anywhere' application has received an overwhelming response from the users in a short span of 6 months since its launch. The application has seen more than 1.5 million downloads with an average user rating of 4.4 out of 5. It is a safe, convenient and easy to use application with a host of features to help users manage their finances on the move."

Shares of the company declined Rs 9, or 0.35%, to settle at Rs 2,575.55. The total volume of shares traded was 187,346 at the BSE (Wednesday).