With this acquisition, JPBL is now a wholly owned subsidiary of Jio Financial Services. Until now, the payments bank was run as a joint venture between JFSL and the public sector lender, SBI.

Savings account holders will earn less. State Bank of India, HDFC Bank, and ICICI Bank have reduced interest rates. This ...

Prior to this stake acquisition, Jio Financial already held an 82.17 per cent stake in JPBL, with SBI owning the remaining 79 ...

Following the transaction, Jio Payments Bank has become a wholly-owned subsidiary of Jio Financial Services. Shares of Jio ...

Jio Financial Services acquired SBI’s 17.8 per cent stake in Jio Payments Bank for Rs 104.54 crore, making it a wholly-owned ...

The Andhra Pradesh High Court has upheld the right of Central Bank of India (petitioner) to recover its secured debts by sale of the mortgaged assets under the Recovery of Debts and Bankruptcy ...

State Bank of India divested its entire stake in Jio Payments Bank Ltd. to Jio Financial Services Ltd. for Rs 104.5 crore on ...

TRAI has launched a pilot project focused on digital consent management, collaborating with RBI and certain banks, and directed all telecom service providers to engage in this pilot project with banks ...

The acquisition received regulatory clearance from the Reserve Bank of India on June 4, 2025, the company said in a ...

State Bank of India closed 11.91% below its 52-week high of 898.80 rupees, which the company achieved on July 19th.

Top banks like SBI, HDFC, and ICICI have slashed their interest rates in June 2025 following the RBI’s 100 basis points repo rate cut over the past five months. While borrowers may rejoice over ...

Mumbai: In June 2025, the Reserve Bank of India (RBI) lowered the repo rate by 50 basis points. In response, many leading ...