-31.40 (-2.91%) 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.