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SBI to partner in RIL promoted Payments Bank

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Capital Market

RIL applies to RBI for Payments Bank license

State Bank of India announced that Reliance Industries (RIL) has applied for a Payments Bank license. RIL will be the Promoter and State Bank of India will be the joint venture with equity investment of up to 30 per cent.

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First Published: Feb 02 2015 | 7:42 PM IST

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