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MoneyWorks4Me

SBI’s JV commences commercial operations

04 Apr 2018 Evaluate

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

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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