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Company News Details

State Bank of India
Industry :  Banks - Public Sector
BSE Code
ISIN Demat
Book Value()
500112
INE062A01020
456.9950582
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
SBIN
8.9
649489.22
EPS(TTM)
Face Value()
Div & Yield %
81.75
1
1.88
 

state bank of india
Board of Jio Financial Services approves acquisition of balance stake in Jio Payments Bank
Mar 04,2025

The Board of Jio Financial Services at its meeting held on 04 March 2025 has approved  acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of India for an aggregate consideration of Rs. 104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the Company.

The acquisition is subject to approval of Reserve Bank of India (RBI) and is expected to be completed within 45 days post receipt of RBI approval.

The Company currently holds 82.17% of the paid-up equity share capital of JPBL, a joint venture of the Company and State Bank of India.

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