Banking

A losing game

Print edition : December 08, 2017

State Bank of Hyderabad undergoes a name change following its merger with SBI. Photo: K.V.S. Giri

Reliance Industries Limited chairman Mukesh Ambani during a press briefing of Reliance Jio in Mumbai in January 2016. Photo: PTI

With Reliance Payment Bank, a joint venture between Reliance Industries Limited and SBI, set to begin operations in December, there is widespread concern that the new venture will cause the downslide of the country’s largest public sector bank.
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