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Reliance Industries’ payments bank venture commences commercial operations

04 Apr 2018 Evaluate

Reliance Industries’ (RIL) JV - Jio Payments Bank has commenced the commercial operations. Jio Payments Bank is a joint venture (JV) between RIL, which owns 70%, and the country’s largest lender State Bank of India (SBI), which owns 30%.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.


Peers
Company Name CMP
Reliance Industries 1174.70
Indian Oil Corpn. 126.50
Bharat PetroleumCorp 285.60
HPCL 329.50
MRPL 175.20
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