Jio Payments Bank and SBI: A Camel Inside A Tent

/ Arundhati Bhattacharya, banking sector, conflict of interest, corporate governance, digital banking, Facebook, Financial Services, foreign investments, Jio Payments Bank, joint venture, Manju Agarwal, Mukesh Ambani, NPCI, payments banks, RBI, regulatory compliance, Reliance Industries, SBI, State Bank India, YONO platform

Are there clear conflicts of interest in the joint venture between SBI and Jio Payments Bank? With over Rs 1 lakh crore of foreign investments in Reliance Jio, bankers are expressing concern about the security implications of the investments for SBI and Jio Payments Bank. This is the seventh article in a series.

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