Jio Payments Bank, Joint Venture Of Reliance Industries (RIL) And SBI, Begins Operation: 10 Points

Jio Payments Bank is promoted by Reliance Industries. Jio Payments Bank is a joint venture between Reliance Industries Ltd (RIL) and the country's largest bank SBI (State Bank of India). Reliance Industries held a 70 per cent stake in Jio Payments Bank while the remaining 30 per cent was with State Bank of India (SBI), according to the energy conglomerate's annual report of 2017. Jio Payments Bank has been granted a licence unde...