Discussion
Jio Payments Bank is a joint venture between Reliance Industries and the State Bank of India, with a stake of ___ ?
Answer: D
Correct answer: 70 : 30
Jio Payments Bank is a joint venture in which Reliance Industries holds 70 per cent and the State Bank of India 30 per cent. The pairing is characteristic of the payments bank model: one partner supplies the distribution reach and the customer base, the other the banking experience and systems.
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