Improvement of Mukosh Amba-Led Industrial Industry Jio Ltd Financial Service On March 4, 2025, has announced getting purchased 7.9 sheets of Jio’s payment Indian state banks (SBI) for Rs 104,5 crore. This movement will result in payment bank become a sub-company of the owner’s financial services. Following this development, the financial company is not owned by mukeshaire Mukesh mukesh Ambani Ambani, to 208th.
Jio’s financial services currently have 82.17 percent in the Bank Bank Bank
« Committee of the company, in his workshop was held today, approved 79,54 CRore, JFS mentioned in exchange warning.
JFS shares closed at Rs 716.15, up by 3.02 percent, on Tuesday.
The transaction is approved by the Committee of Jio and the Directors based on the approval of India’s backup (RBI). The dealings are expected within 45 days after the procedure harvest.
The company has indicated that the transaction is not involved, and no advertiser or group of financial interest.
Jio’s financial services have seen complete profit at 295 crore ended on the 3rd of Rs. In addition, its property is under management (Aum) grows into 4,199S CRORE, rising from Rs 1.206 crore in the previous quarter of FY25.
The National Executive Committee of the Central Committee of the Total Services of Jio Payments Limited Jio. This value has received the value of the payment of the bank worth about 586 crore. The transaction depends on the Regulatory approval of the Indian Bank (RBI) and is expected to be approved by RBI, as mentioned by JFS.
The Jio’s payment bank has begun its performance in April 2018 and have thrown 1,89 million in December 2024 million.
Currently, India is the home of five payment banks, including Fino Pay, India Pay Banking, and Payment Bank.
These banks are allowed to hold up to 2 kilometers, but banned with their customers to their customers. The payment bank can be established and managed their branches while business journalist (BCS) is accessible. However, BCS is not allowed to conduct offline transaction on behalf of the bank. Unlike traditional trade banks, Payment banks are not ordered to issue books for customer deposits.
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