In a significant financial maneuver, Jio Financial has successfully purchased 790.8 million equity shares of Jio Payments Bank Limited from the State Bank of India, totaling ₹104.54 crore. This move comes after receiving the green light from the Reserve Bank of India on June 4, 2025, marking Jio Payments Bank Limited as a fully owned subsidiary of Jio Financial. Read more at: https://bfsi.economictimes.indiatimes.com/articles/jio-financial-buys-jio-payments-banks-shares-from-sbi-for-rs-104-54-crore/121931509?utm_source=top_story&utm_medium=homepage