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Reliance Industries soars on applying for Payments Bank license

03 Feb 2015 Evaluate

Reliance Industries is currently trading at Rs. 925.40, up by 17.50 points or 1.93% from its previous closing of Rs. 907.90 on the BSE.

The scrip opened at Rs. 912.50 and has touched a high and low of Rs. 926.80 and Rs. 911.30 respectively. So far 34939 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1142.50 on 16-May-2014 and a 52 week low of Rs. 794.00 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 934.25 and Rs. 880.90 respectively. The current market cap of the company is Rs. 293752.83 crore.

The promoters holding in the company stood at 45.25% while Institutions and Non-Institutions held 30.90% and 20.54% respectively.

Reliance Industries (RIL) has applied for a Payments Bank license. RIL will be the promoter and State Bank of India (SBI) will be the joint venture partner with equity investment of up to 30 percent. The partnership is in accordance with the guidelines for Payments Bank issued by RBI and subject to grant of license by RBI.

This partnership brings together the combined strengths of two of India’s Fortune 500 corporations committed to making a transformative impact on India's financial inclusion landscape.

The Payments Bank will leverage SBI’s nationwide distribution network and risk management capabilities along with the substantial investments made by RIL in its retail and telecom businesses. It will deploy state-of-the-art technology, build scalable infrastructure and create extensive branch and business correspondent network in order to provide last-mile access and intuitive user experience to all sections of society.

Reliance Industries Share Price

1365.10 21.65 (1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
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