India, June 25 -- Days after getting complete ownership of Jio Payments Bank Ltd (JPBL), fintech major Jio Financial Services (JFS) has invested INR 190 Cr in the bank.

In an exchange filing, JFS said it made the investment by purchasing 19 Cr equity shares worth INR 10 apiece of its wholly owned subsidiary.

The investment comes less than a week after the company took control of the bank by acquiring SBI's stake for INR 104.5 Cr. The transaction, which was completed on June 18, saw JFS buy 7.9 Cr shares at INR 13.2 in the bank from SBI.

Ahead of the official announcement of the merger completion, Jio Payments Bank was integrated with JFS' fintech app, JioFinance. "We are evolving to serve you better. We've made managing your finances e...