JIOFIN

Financial Services invests Rs 190 cr in THIS subsidiary

Jio Financial Services Ltd (JFSL ) has announced that it has invested Rs 190 crore in its payments banking subsidiary, Jio Payments Bank Ltd. The company has been allotted 19 crore equity shares of face value Rs 10 each at par, making it a 100 per cent owner of the payments bank. The announcement was made through an exchange filing on Wednesday, June 25, 2025. JFSL now sole owner of Jio Payments Bank This development comes shortly after JFSL acquired the remaining 17.8 per cent stake in Jio Payments Bank from the State Bank of India (SBI). The transaction, valued at Rs 104.54 crore, was approved by the Reserve Bank of India (RBI) on June 4, 2025. With this, Jio Payments Bank has become a wholly owned subsidiary of JFSL.