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    ALPHA TRIBE

    State Bank of India — Important, 18-06-2025: General Updates

    18-06-2025 | 04:41 pm

    The bank has completed the sale of its entire 7.91 crore equity shares in Jio Payments Bank to Jio Financial Services for ₹104.54 crore, reducing its stake in JPBL to zero. The transaction follows regulatory approvals and is expected to streamline the bank’s focus and capital allocation. No immediate impact on earnings was indicated.

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