Jio Financial Services Invests INR 190 Cr In Jio Payments Bank

The investment comes less than a week after the company took control of the bank by acquiring SBI’s stake for INR 104.5 Cr

JioFinance has been aggressively promoting the internet banking services of Jio Payments Bank on JioFinance since it became a wholly owned subsidiary of JFS

While JioFinance started with UPI transactions, bill settlements, and insurance advisory, the fintech major added other product layers like Jio Gold SIP, loans, among others

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