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    • Jio Financial Services to buy 7.9 crore shares of Jio Payments Bank from SBI for Rs 104 crore, shares up 3%

      Jio Financial Services to buy 7.9 crore shares of Jio Payments Bank from SBI for Rs 104 crore, shares up 3%

      Post this acquisition, JPBL will become a wholly-owned subsidiary of JFSL.

    • Jio Financial Services increases stake in Jio Payments Bank, shares gain

      Jio Financial Services increases stake in Jio Payments Bank, shares gain

      The Mumbai-based company said it bought 6.8 crore shares of Jio Payments Bank for Rs 68 crore

    • Jio Financial shifts its focus to secured lending

      Jio Financial shifts its focus to secured lending

      Multiple levers that offer immense growth opportunities

    • RBI imposes monetary penalty on DCB Bank, Jio Payments Bank for rule violations

      RBI imposes monetary penalty on DCB Bank, Jio Payments Bank for rule violations

      The RBI imposed a penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions on marketing/distribution of mutual fund/insurance etc, and a penalty of ₹1 crpre on Jio Payments Bank over re-appointment of MD & CEO

    • RIL, SBI joint venture Jio Payments Bank starts commercial operations

      RIL, SBI joint venture Jio Payments Bank starts commercial operations

      Reliance Industries was one of the eleven applicants who were issued in-principle approvals by the regulator to set up payments banks back in 2015.

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