Telecom-to-energy conglomerate Reliance Industries (RIL) has signed with which bank for payments bank JV

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	RBI
B	ICICI Bank
C	Axis Bank
D	SBI

Explanation:

Detailed explanation-1: -Jio Payments Bank Limited is a joint venture between the Reliance Industries and the State Bank of India with the stake of 70:30.

Detailed explanation-2: -The Reliance Bank is not a clearing bank and uses the National Westminster Bank to act as its agents in this respect.

Detailed explanation-3: -Reliance Completes Joint Venture Transaction With US-Listed Sanmina Manufacturing. This joint venture transaction between Reliance and Sanmina will aid the creation of a world class manufacturing hub in the country, in line with Prime Minister’s ‘Make in India’ vision.

There is 1 question to complete.