Jio Financial Acquires SBI’s Entire Stake, Becomes Sole Owner of Jio Payments Bank:

Jio Financial Acquires SBI’s Entire Stake, Becomes Sole Owner of Jio Payments Bank:

Daily Current Affairs   /   Jio Financial Acquires SBI’s Entire Stake, Becomes Sole Owner of Jio Payments Bank:

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Category : Business and economics Published on: June 20 2025

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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.

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