Monday, 4 July 2016

RIL, SBI sign shareholder agreement for payments bank JV


RIL, SBI sign shareholder agreement for payments bank JV.a) State Bank of India & Reliance Industries have recently signed an agreement to set up a joint venture for payments banks.
b) In 'The Subscription & Shareholders' agreement' has 70% equity of RIL and 30% equity of

 SBI.

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