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Jio Financial Services (JFS) just pulled off a strategic move: It’s now the sole owner of Jio Payments Bank. The company bought out SBI’s 17.8 per cent stake for Rs 104.5 crore, giving it full control of the digital banking arm. The timing couldn’t be better, with JFS already making noise in mutual funds and lending.
Why this matters
- The deal: On June 18, 2025, JFS acquired SBI’s entire 7.9 crore shares in Jio Payments Bank for Rs 104.5 crore.
- The result: Jio Payments Bank is now a 100 per cent subsidiary of JFS.
- The impact: With full control, JFS can now run payments, lending and investments as one integrated ecosystem.
This is more than just a stake buyout. It’s about control, speed and synergy.
About the company
Born out of Reliance Industries in 2023, JFS is building a full-stack financial services empire. It lends money, runs insurance broking, operates Jio Payments Bank and is now entering the mutual fund business with BlackRock.
Here’s a look at the fundamentals of the company.
| Metric | Value |
|---|---|
| Market cap | Rs 1.82 lakh crore |
| P/E ratio | 113.1 |
| P/B ratio | 1.5 |
| ROE | 1.3 per cent |
| ROCE | 1.6 per cent |
| Book value | Rs 194.4 |
| EPS | Rs 2.5 |
| Dividend yield | 0.2 per cent |
Value Research Online ratings
- Overall: 2/5
- Quality: 5/10
- Growth: 1/10
- Valuation: 4/10
- Momentum: 2/10
The takeaway
- The upside: JFS now owns its digital bank outright. That means tighter integration, better cross-selling, and higher profit potential.
- The catch: It still trades at 113 times earnings. ROE and ROCE are low. Execution will be everything.
- The takeaway: Great story, high expectations. Wait to see if earnings catch up to valuations.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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