State Bank of India Divests Entire Stake in Jio Payments Bank Limited for ₹104.54 Crores

State Bank of India (SBI) has divested its entire stake in Jio Payments Bank Limited (JPBL) to Jio Financial Services Limited (JFSL) for a total consideration of ₹104,54,37,600. The divestment was executed on 18th June 2025, following the approval of the Executive Committee of the Central Board of the Bank. Post-transaction, SBI's shareholding in JPBL has been reduced to nil. The divested stake contributed 14.96% to JPBL's net worth and 14.96% to its total income in the last financial year.