State Bank of India (SBI) has executed the Share Purchase Agreement with Jio Financial Services (JFSL) and Jio Payments Bank (JPBL) on June 18, 2025, on a consideration amounting to Rs 104.54 crore and transferred the entire shareholding in JPBL to JFSL. Post conclusion of the transaction, the Bank’s shareholding in JPBL has been reduced to nil.
State Bank of India 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.
