Jio Payments Bank

Jio Financial acquires SBI's full stake in JPBL for ₹104.54 crore

Prior to this stake acquisition, Jio Financial already held an 82.17 per cent stake in JPBL, with SBI owning the remaining 79.08 million shares (17.83 per cent)

Jio Financial buys 17.8% stake of SBI in Jio Payments Bank for Rs 105 cr

Jio Financial Services Ltd (JFSL) on Wednesday said it has acquired the entire 17.8 per cent stake of State Bank of India in Jio Payments Bank Ltd for a consideration of Rs 104.54 crore. With the stake buy, Jio Payments Bank becomes a wholly-owned subsidiary of JFSL. The company acquired 7,90,80,000 equity shares of Jio Payments Bank from SBI for an aggregate consideration of Rs 104.54 crore pursuant to the approval received from Reserve Bank of India on June 4, JFSL said in a regulatory filing. Consequent to this acquisition, Jio Payments Bank has become a wholly-owned subsidiary of the company, it said. Prior to stake buy, Jio Financial held an 82.17 per cent stake in Jio Payments Bank.

Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore

The acquisition is subject to the approval of the RBI and is expected to be completed within 45 days post receipt of RBI approval

Bigg Boss 18 finale: How to vote for your favourite contestant and more?

The grand finale of the Bigg Boss 18 is tomorrow with 6 finalists competing for the top spot. As emotions intensify and competition grows fierce, fans can vote for their favourite contestant

Jio Payments Bank gets mutual funds distribution licence from Amfi

The move is part of Jio Financial Services' plan to broaden its presence in the financial services industry, including asset and wealth management

Jio Financial ups stake in Jio Payments Bank to 82.17% for Rs 68 cr

The company subscribed to 6.8 crore equity shares of Jio Payments Bank for its business purposes

Jio Platforms-SES internet service JV allowed to operate satellites

The 3 approvals issued to Orbit Connect India come as cos from Amazon.com to Musk's Starlink vie for the go-ahead to launch satellite communication services in the country

Paytm stock crashes 11% to end at all-time low of Rs 477 a share

Macquarie report says the fintech firm could face headwinds with the entry of Jio Financial Services, which may focus on consumer and merchant lending, the mainstay of Paytm's business

Jio Payments likely to become subsidiary of Jio Financial Services

Sources in the know say that this 70 per cent stake held by RIL will be transferred to JFS. SBI will continue to own the rest of the 30 per cent in RPB

SBI Card customers can now make transactions on Jio Pay platform

SBI Cards and Payment Services (SBI Card) on Wednesday said it is available on the Jio Pay service

RBI fines Jio Payments Rs 1 cr for failing on CEO reappointment rule

Action was based on the deficiencies in regulatory compliance, says central bank.

Jio Payments Bank commences operations after receiving RBI's approval

Telecom major Bharti Airtel was the first to begin payment bank services in November 2016