Jio Payments Bank

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

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

Multiple levers that offer immense growth opportunities

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

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.