Jio Financial Services Stock rose almost 3% today after the company infused ₹ 190 Crore into its subsidiary company, Jio Payment Bank. The Company has been allotted 19,00,00,000 equity shares of Rs. 10 each of Jio Payments Bank Limited, its wholly owned subsidiary, for cash at par, aggregating to Rs. 190 crore.
Earlier, Jio Financial Services acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (“JPBL”) from the State Bank of India for Rs. 104.54 crore. After this acquisition, Jio Payments Bank has become a wholly owned subsidiary of Jio Financial Services.
Recently, Jio Financial Services announced many updates regarding its business. Jio Financial Services starts giving loans against mutual funds. The company also partners with Blockrock and starts an asset management business in India. With this deal, Blockrock is coming with its powerful tool “Aladdin”.
Jio Financial Services Limited has introduced a fully digital Loan Against Securities for its customers. A secured lending product from Jio Finance, the Loan Against Securities product lets customers leverage their investments, like shares and mutual funds, to get loans at low interest rates in just ten minutes through a digital process.
Depending on their risk profile, customers can get loans up to Rs. 1 crore at interest rates starting at 9.99%. There are no foreclosure fees associated with these loans, which can be repaid in as little as three years. Customers can conveniently access short-term funds while maintaining their long-term investment growth by selecting Loan Against Securities on the JioFinance app.
Jio Payments Bank Limited, which had 2.31 million customers as of March 31, 2025, expanded its network of Business Correspondents (BCs) to 14,000+ BCs, an over sixfold increase over FY24. A key highlight of the year was an industry-first initiative by Jio Payment Solutions Limited, JioSoundPay on JioBharat feature phones.
Assets under Management (AUM) of Jio Finance Ltd. stood at Rs. 10,053 crore as of March 31, 2025, up from Rs. 173 crore as of March 31, 2024, and Rs. 4,199 crore as of December 31, 2024.
The JioFinance app gained traction and recorded 8 million monthly active users (MAU) across all digital properties in March 2025. The JFSL group’s physical footprint also grew during the year, with Jio Finance Limited establishing a physical presence in 10 Tier-1 cities, which are exhibiting strong demand for its suite of retail and corporate lending solutions.
Jio Financial Services Limited (JFSL) operates in various business segments:
- Insurance Services: Jio Financial Services offers life, health, and general insurance products through partnerships with various insurance providers.
- Digital Lending: Jio Financial Services provides loans across various segments, such as personal loans, small and medium business loans, and education loans.
- Investment Services: Jio Financial Services provides asset management and investment advisory services, including mutual funds, equities, and bonds. Assets under Management (AUM) of Jio Finance Ltd. stood at Rs. 10,053 crore as of March 31, 2025.
- Payment Solutions: Jio Financial Services offers merchant payment solutions.
- Digital Banking Services: JFSL offers digital banking services such as debit cards, IMPS, UPI, and savings accounts. Transaction fees, account maintenance fees, and interest on deposits are how the company makes money.