Daily Current Affairs / Jio Financial Acquires SBI’s Entire Stake, Becomes Sole Owner of Jio Payments Bank:
Category : Business and economics Published on: June 20 2025
Jio Financial Services Ltd has fully taken over Jio Payments Bank by acquiring State Bank of India’s 17.8% stake for ₹104.54 crore. With this buyout, Jio Payments Bank is now a wholly owned subsidiary, giving Jio Financial complete control to expand its presence in digital banking.
Vodafone appoints Pilar López as next CFO from October 2025, replacing Luka Mucic.
Read More....IIM Bangalore tops Indian institutes in QS MBA Rankings 2025, ranks 53rd globally.
Read More....Vietnam officially joins BRICS as partner country, expanding group’s influence in Southeast Asia.
Read More....DEPwD, NIOS, and NCERT sign MoU to promote inclusive education for persons with disabilities.
Read More....June 19 observed as UN’s International Day to Eliminate Sexual Violence in Conflict.
Read More....Indian animation film ‘Desi Oon’ wins big at Annecy Festival 2025 in France.
Read More....Central government extends gratuity benefits to UPS-option employees from April 2025.
Read More....INS Arnala commissioned into Indian Navy on 18 June 2025 at Visakhapatnam.
Read More....Jio Financial acquires SBI’s 17.8% stake, becomes sole owner of Jio Payments Bank.
Read More....DPIIT signs MoU with YourStory to strengthen inclusive entrepreneurship in India.
Read More....
