Jio Payments Bank to be launched in December

Jio Payments Bank, a joint venture between Reliance Industries and SBI, will start operations in December, three people aware of the plans said. “The payments bank was expected to launch its operations in October.

The launch got delayed as the RBI had asked them (Jio Payments Bank) to demonstrate its capabilities to ensure it is ready for a glitch-free launch,” said one person.