Question

    How much stake is SBI divesting in Jio Payments

    Bank?
    A 12.5% Correct Answer Incorrect Answer
    B 15.6% Correct Answer Incorrect Answer
    C 17.8% Correct Answer Incorrect Answer
    D 19.2% Correct Answer Incorrect Answer
    E 21.3% Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) is divesting its entire 17.8% stake in Jio Payments Bank to Jio Financial Services (JFS) for ₹104.5 crore. This move will make Jio Payments Bank a wholly-owned subsidiary of JFS.

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