JFS Takes Complete Control Of Jio Payments Bank

Fintech company Jio Financial Services (JFS) has completed the acquisition for INR 104.5 Cr

JFS said it bought 7.91 Cr shares of JPBL from State Bank of India (SBI), making the payments bank its wholly owned subsidiary

The bank’s product portfolio includes CASA variants, including sweep and salary accounts, physical and virtual debit cards, wallets, domestic money transfer and Aadhaar-enabled payment systems 

About two months after announcing its plans to acquire Jio…