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Latest news about Jio Financial Services

Jio Financial Services-BlackRock JV Secures SEBI Nod for Investment Advisory 3 days ago

Jio Financial Services Limited (JFSL) and BlackRock's joint venture, Jio BlackRock Investment Advisers Pvt Ltd, has obtained SEBI approval to operate as an investment adviser in India. The equally-owned venture aims to offer digital-first, insight-driven investment advisory services. Marc Pilgrem has been appointed as the Managing Director and CEO of the joint venture. The partnership combines Jio's digital infrastructure with BlackRock's global investment expertise to provide innovative investment solutions to Indian investors.

Jio BlackRock Secures SEBI Approval for Investment Advisory Operations 4 days ago

Jio Financial Services Shares Above Rs 300 as Jio BlackRock Announces Key Appointments 5 days ago

Jio Financial Services Shares Surge 3.5% as Jio BlackRock Bolsters Leadership Team 5 days ago

Jio Financial Services Forms Joint Venture with Blackroom, Launches Website 5 days ago

More news about Jio Financial Services

28May 25

Jio Financial Services Surges as SEBI Approves JioBlackRock Asset Management JV

Jio Financial Services' share price reached a five-month high following SEBI's approval of its joint venture with BlackRock. The new entity, JioBlackRock Asset Management, aims to revolutionize India's investment landscape by combining Jio's digital reach with BlackRock's global expertise. Sid Swaminathan has been appointed as MD and CEO of the venture. The partnership is expected to introduce innovative investment products, leveraging digital technology to broaden access to diverse investment options in India.

27May 25

Jio BlackRock Mutual Fund Receives Final SEBI Approval for Operations

Jio Financial Services has obtained final approval from SEBI for Jio BlackRock Mutual Fund to commence operations. SEBI has approved Jio BlackRock Asset Management Private Limited as the Asset Management Company. This approval follows the in-principle nod granted in October 2023 and marks a significant milestone in Jio's partnership with BlackRock. The venture aims to combine Jio's distribution network with BlackRock's investment expertise to innovate in India's asset management industry.

15May 25

Jio Credit's Debut Bond Issue Raises ₹1,000 Crore, Oversubscribed 3 Times

Jio Credit, a subsidiary of Jio Financial Services, successfully raised ₹1,000 crore in its first bond issue. The bonds, maturing in March 2028, were priced at a 7.19% coupon rate. The issue saw robust demand, with bids at three times the base issue size of ₹500 crore, indicating strong market confidence in the company.

14May 25

Jio Credit's Debut Bond Issue Oversubscribed, Raises ₹1,000 Crore

Jio Credit, a Reliance Industries subsidiary, successfully launched its first bond offering, raising ₹1,000 crore against a base issue size of ₹500 crore. The 2-year 10-month bonds, carrying a 7.19% coupon rate, were oversubscribed 3 times, receiving bids worth ₹1,500 crore. Both Crisil and Care Ratings assigned 'AAA' ratings to the issue, indicating the highest degree of safety for timely debt servicing.

21Apr 25

Jio Financial Services: Q4 Results and Maiden Dividend Boost Stock

Jio Financial Services announced its Q4 FY25 results, showing a 2% YoY increase in consolidated net profit to ₹316 crore and an 18% YoY rise in revenue to ₹493 crore. The company's Assets Under Management reached ₹10,053 crore, while Jio Payments Bank's customer base tripled to 2.31 million. The company also received an online payment aggregator license and declared its first-ever dividend, leading to a 1.50% increase in share price.

18Apr 25

Jio Financial Services Reports Robust Growth in FY25, Declares First-Ever Dividend

Jio Financial Services Limited (JFSL) reported robust financial results for FY25, with consolidated profit after tax at ₹1,612.59 crore and total income rising to ₹2,078.92 crore. The company's Assets Under Management (AUM) saw a significant increase to ₹10,053.00 crore. JFSL announced its first-ever dividend of ₹0.50 per equity share. Operationally, the JioFinance app reached 8 million monthly active users, and Jio Payments Bank's customer base grew to 2.31 million. The company expanded its lending solutions to 10 Tier-1 cities and received approval for an Online Payment Aggregator license. JFSL is awaiting approvals for joint ventures with BlackRock and to acquire the remaining stake in Jio Payments Bank Limited.

17Apr 25

Jio Financial Services to Announce Q4 Results and Consider Dividend Today

Jio Financial Services Ltd (JFSL) is set to release its Q4 FY2025 results on April 17, 2025. The board will consider unaudited financial results and a potential dividend payment. JFSL's stock has gained 10.00% over the past five trading sessions, reflecting market optimism. Key focus areas include revenue growth, profitability margins, and year-over-year improvements. The board's decision on dividend distribution, if approved, will be crucial for shareholders. Investors are anticipating positive Q4 results and awaiting management's outlook for the upcoming fiscal year.

16Apr 25

Jio Financial Services to Announce Q4 Results and Consider First Dividend

Jio Financial Services Ltd (JFSL) will hold a board meeting on April 17, 2025, to discuss Q4 FY25 financial results and consider its first-ever dividend. The stock has rallied 4% over the past two trading sessions, reaching ₹242.40 per share. Analysts project improved profitability and set near-term stock price targets between ₹265.00 to ₹270.00.

15Apr 25

Jio Financial Services to Consider First-Ever Dividend, Stock Rises 2%

Jio Financial Services Ltd (JFSL) has announced a board meeting on April 17, 2025, to consider its first-ever dividend and review Q4 and FY2025 financial results. The company will also host an analyst presentation following the meeting. The news has led to a 2% increase in JFSL's stock price, indicating positive investor sentiment.

08Apr 25

Jio Financial Services Unveils Digital Loan Against Securities, Expanding Fintech Offerings

Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited (JFSL), has introduced a fully digital Loan Against Securities (LAS) product. The new offering allows customers to borrow up to Rs. 1.00 crore against their securities holdings, with interest rates starting from 9.99% and a maximum tenure of three years. The loan process is entirely digital through the JioFinance app, with approval and disbursement within 10 minutes. This launch is part of JFSL's broader strategy to expand its digital financial services portfolio and enhance financial inclusion in India.

08Apr 25

Jio Financial Services Expands Digital Offerings with Quick Loans Up to Rs 1 Crore

Jio Financial Services Limited (JFSL) has introduced a fully digital Loan Against Securities (LAS) product through its NBFC arm, Jio Finance Limited. The service allows customers to borrow up to Rs 1 crore in 10 minutes via the JioFinance app. The LAS product includes loans against shares and mutual funds, with interest rates starting from 9.99% and loan tenures up to 3 years. This launch is part of JFSL's broader digital strategy, expanding its suite of financial services which now includes UPI payments, money transfers, savings accounts, digital gold, insurance, and various loan products.

04Apr 25

Jio Financial Services and BlackRock Inject Rs 133 Crore into Joint Ventures

Jio Financial Services Limited (JFSL) has invested ₹133 crore in two joint ventures with BlackRock. JFSL and BlackRock each invested ₹66.50 crore in Jio BlackRock Investment Advisers Private Limited and ₹63 crore in Jio BlackRock Asset Management Private Limited. Both are 50:50 joint ventures, with shares issued at face value. The investments aim to support business operations and expand JFSL's presence in asset management and investment advisory services.

03Apr 25

Jio Financial Services and BlackRock Boost Joint Venture Investment to ₹84.50 Crore

Jio Financial Services Limited (JFSL) and BlackRock have each invested an additional ₹66.50 crore in their joint venture, Jio BlackRock Investment Advisers Private Limited. Both partners subscribed to 6,65,00,000 equity shares each, bringing the total investment to ₹84.50 crore. The 50:50 partnership aims to support Jio BlackRock's business operations in India's growing financial services sector. The transaction is on an arm's length basis and requires no governmental or regulatory approvals.

28Mar 25

Jio Financial Services Bolsters Subsidiaries with ₹1,085 Crore Investment

Jio Financial Services Ltd (JFSL) has made significant investments in two subsidiaries. It invested ₹1,000.24 crore in Jio Finance Limited (JFL) through 1,73,77,412 equity shares at ₹10 each. JFSL also invested ₹85 crore in Jio Payments Bank Limited (JPBL), increasing its stake from 82.17% to 85.04%. These investments aim to support business operations and strengthen JFSL's position in the financial services sector.

27Mar 25

Jio Financial Services Invests ₹1,000.24 Crore in Subsidiary and ₹850 Million in Jio Payments Bank

Jio Financial Services (JFSL) has made significant investments in its subsidiaries. The company injected ₹1,000.24 crore into Jio Finance Limited (JFL) through a subscription of 1,73,77,412 equity shares. Additionally, JFSL invested ₹850 million in Jio Payments Bank Limited (JPBL), increasing its stake from 82.17% to 85.04%. These investments aim to support business operations and strengthen JFSL's position in the financial services sector.

21Mar 25

Jio Financial Services in Talks with Allianz for Potential Joint Venture in India

Jio Financial Services has reportedly reached an initial agreement with global insurance giant Allianz SE to form a joint venture in India. The collaboration aims to combine Jio Financial's local market presence with Allianz's global expertise in insurance. While details are yet to be finalized, this partnership could lead to market expansion for Jio Financial and a strategic entry for Allianz into the Indian insurance market. The potential joint venture may result in innovative financial products tailored for Indian consumers, subject to final agreements and regulatory approvals.

20Mar 25

Jio Financial Services and Allianz SE Reportedly Reach Initial Agreement for Joint Venture in India

Jio Financial Services Limited (JFS) and German insurance giant Allianz SE have reportedly reached an initial agreement to form a joint venture in India. This potential partnership could combine Allianz's global expertise with Jio Financial's strong local market presence. The collaboration could reshape India's financial services industry, with JFS benefiting from Allianz's experience in insurance and asset management, while Allianz could leverage JFS's digital infrastructure and customer base. JFS continues to engage with institutional investors, recently participating in Bank of America's Bi-annual India Financials Trip. Official announcements are yet to be made by either company.

19Mar 25

Jio Financial Services in Talks with Allianz SE for Potential Partnership

Jio Financial Services is reportedly discussing a potential partnership with German insurance giant Allianz SE, following the end of Allianz's 24-year collaboration with Bajaj. This potential alliance could introduce new insurance offerings, enhance digital integration in insurance solutions, and increase competition in the Indian insurance sector. The partnership represents a strategic move for both companies, with Allianz aiming to maintain its presence in the Indian market and Jio looking to expand its financial services portfolio.

18Mar 25

Jio Financial Services Witnesses Significant Block Trade on NSE

A significant block trade of 2,735,865 shares of Jio Financial Services Ltd. (JFSL) occurred on the National Stock Exchange at Rs. 221.54 per share, totaling Rs. 60.61 crore. This transaction highlights continued interest in the recently demerged financial arm of the Reliance Group, which aims to capitalize on India's growing digital financial services market.

17Mar 25

Jio Financial Services Witnesses Massive Block Trade Worth ₹65.94 Crore on NSE

A significant block trade of 3,005,722 shares of Jio Financial Services Ltd. (JFSL) occurred on the National Stock Exchange (NSE) at ₹219.38 per share, totaling approximately ₹65.94 crore. This large transaction highlights substantial investor activity in the Reliance Group's financial services arm. While the identities of the parties involved remain undisclosed, the trade's magnitude indicates potential shifts in shareholding or institutional interest in JFSL.

13Mar 25

Jio Finance Makes Debut in Debt Market with ₹1,000 Crore Commercial Paper Issue

Jio Finance, a unit of Jio Financial Services, has issued its first commercial paper worth ₹1,000 crore at a 7.80% yield. The company plans to follow this with a ₹3,000 crore five-year bond sale at around 7.75% coupon later this month. Jio Finance will also participate in Bank of America's Bi-annual India Financials Trip on March 19, 2025, in Mumbai, engaging with institutional investors.

08Mar 25

Jio Financial Services Shares Surge 12% on Jio Payments Bank Acquisition Plan

Jio Financial Services (JFS) stock rebounded 12% from its 52-week low after announcing plans to acquire the remaining stake in Jio Payments Bank from State Bank of India for ₹104.54 crore. This strategic move aims to consolidate JFS's position in the digital payments space. Analysts project the stock could reach ₹260 in the short term, citing strong fundamentals, positive market sentiment, and strategic expansion as key factors.

06Mar 25

Jio Financial Services Surges 10% in 3 Days on Jio Payments Bank Acquisition Plans

Jio Financial Services (JFS) stock rallied 10% over three days, including a 2% gain on Thursday, following the announcement of plans to acquire the remaining stake in Jio Payments Bank from SBI for ₹104.54 crore, pending RBI approval. This strategic move aims to strengthen JFS's position in the digital payments and banking sector, boosting investor confidence in the company's growth strategy.

05Mar 25

Jio Financial Services to Acquire SBI's Stake in Jio Payments Bank for ₹104.54 Crore

Jio Financial Services Limited (JFSL) plans to acquire the remaining 17.83% stake in Jio Payments Bank Limited (JPBL) from State Bank of India for ₹104.54 crore. This acquisition of 7,90,80,000 equity shares will make JPBL a wholly-owned subsidiary of JFSL. The transaction, approved by JFSL's Board of Directors, awaits Reserve Bank of India approval and is expected to close within 45 days of regulatory clearance. JFSL currently holds 82.17% of JPBL's paid-up equity share capital.

04Mar 25

Jio Financial Services to Acquire Remaining Stake in Jio Payments Bank for ₹104.54 Crore

Jio Financial Services Limited (JFSL) is set to acquire the remaining 17.83% stake in Jio Payments Bank Limited (JPBL) from the State Bank of India for ₹104.54 crore. This acquisition of 7,90,80,000 equity shares will make JPBL a wholly owned subsidiary of JFSL. The transaction is subject to RBI approval and is expected to be completed within 45 days of receiving regulatory clearance. This move strengthens JFSL's position in the digital banking and payments sector.

03Mar 25

Jio Financial Services Sees Significant Block Trade on NSE

A notable block trade of 767,849 shares of Jio Financial Services Ltd. (JFSL) was executed on the National Stock Exchange (NSE) at Rs. 201.46 per share, totaling Rs. 15.47 crores. This transaction potentially indicates increased investor interest in JFSL, a recent entrant in India's financial services sector backed by the Reliance Group.

27Feb 25

Jio Financial Services: Block Deal and Nifty 50 Inclusion Spotlight Ahead of Investor Conference

Jio Financial Services (JFS) is preparing to join the Nifty 50 index by March-end, expected to attract $404 million in passive inflows. A recent block deal of 10.8 lakh shares indicates strong market interest. JFS reported a slight 0.32% increase in Q3 FY25 consolidated net profit. The company participated in IIFL's 16th Enterprising India Global Investors' Conference, engaging with institutional investors while adhering to disclosure regulations.