B) State Bank of India Explanation: Telecom-to-energy conglomerate Reliance Industries (RIL) and India‘s largest lender State Bank of India (SBI) have signed Subscription and Shareholders‘ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity contribution in the payments bank and SBI as joint venture will have 30 per cent equity contribution.