Jio Payments Bank acquisition finalized as Jio Financial becomes the sole owner by purchasing SBI’s 17.8% stake, marking a major move in India’s digital banking sector. Jio Financial Becomes Sole Owner of Jio Payments Bank Acquisition Details and Strategic Implications On June 18, 2025, Jio Financial Services Ltd. (JFSL) acquired the remaining 17.8% stake in…
MCA Approves Hitesh Sethia as Jio Financial Services MD and CEO for 3 Years The Ministry of Corporate Affairs (MCA) has recently given its seal of approval to the appointment of Hitesh Sethia as the Managing Director (MD) and Chief Executive Officer (CEO) of Jio Financial Services for a tenure of three years. This significant…
RBI Approves New Directors of Jio Financial Services The Reserve Bank of India (RBI) recently granted approval for the appointment of new directors to Jio Financial Services, a subsidiary of Reliance Industries Limited (RIL). This move comes as a significant development in the financial landscape of the country, underscoring the dynamism and strategic evolution within…
LIC Acquires 6.7% Stake in Jio Financial Services via RIL De-merger Action The financial world is witnessing a significant development as the Life Insurance Corporation of India (LIC) has acquired a substantial 6.7% stake in Jio Financial Services. This strategic move comes as a result of the Reliance Industries Limited (RIL) de-merger action. In this…
