*Jio Financial Acquires SBI’s Stake in Jio Payments Bank, Gains Full Ownership* _With this acquisition, JPBL is now a wholly owned subsidiary of Jio Financial Services. Until now, the payments bank was run as a joint venture between JFSL and the public sector lender, SBI. Following the deal, Jio Payments Bank’s valuation stands at 586 crore._ https://www.republicworld.com/business/jio-financial-acquires-sbis-stake-in-jio-payments-bank-gains-full-ownership