Jio Payments Bank
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| Public limited company | |
| Industry | Financial services |
| Founded | 3 April 2018 in Nariman Point Mumbai |
Key people
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| Products | Banking |
| Parent | Reliance Industries (70%) State Bank of India (30%) |
| Website | www |
Jio Payments Bank is an Indian payments bank that started operating in 2018. Payment banks in India are a special category of bankthat can accept deposits and make payments but cannot issue loans or other forms of credit including credit cards.
Jio Payments Bank Limited is a joint venture between the Reliance Industries and the State Bank of India with the stake of 70:30.[1]
History[edit]
On August 19, 2015 Reliance Industries received a licence to run a payments bank from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. On November 10, 2016 it registered as a public limited company to set up a payments bank. On April 3, 2018 Jio Payments Bank became the sixth payment bank to commence operations in India.[2]
ಕಾಮೆಂಟ್ಗಳಿಲ್ಲ:
ಕಾಮೆಂಟ್ ಪೋಸ್ಟ್ ಮಾಡಿ