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Tag: joint venture

Reliance, State Bank partner for payments – SBI to take up to 30 pct stake

Looking to foray into banking business, Mukesh Ambani’s Reliance Industries (RIL) has teamed up with state-run behemoth SBI to apply for a payments bank license. This would bring together the nation’s largest banking network and pan-India telecom and retail setup. RIL and SBI put in a joint application to the Reserve Bank of India (RBI) […]