JIO PAYMENT BANK LAUNCHED IN 4 APRIL

The competition in payments bank (PB) space has just heated up further with the entry of Jio Payments Bank Limited. The latter commenced its banking services from Tuesday, the RBI said in a notification.
A 70:30 joint venture between Reliance Industries and the State Bank of India, Jio Payments Bank will be competing against more established players like the two-year-old Airtel Payments Bank, Paytm founder Vijay Shekhar Sharma-promoted Paytm Payments Bank, which kicked off last May, and Fino Payments Bank, which followed a month later. 

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