Jio Financial Services, with no notice, puts industry giants to sleep and ranks as the third-largest NBFC company in India.
JIO Finance NBFC
Vaibhav Shah, Fund Manager at Torus Oro PMS
“The group has a strong presence in the consumer and merchant segment having access to key data points, enabling them to build superior lending models. However, execution needs to be monitored, and we will be able to understand their underwriting expertise only after a few quarters once we have seen some vintage on the lending book,”
What Is NBFC Loan
NBFC stands for Non-Banking Financial Company.
It is a financial institution that provides banking services like loans, advances, investments, and other financial products. Still, it does not hold a banking license or accept deposits like traditional banks.
Instead, NBFCs raise funds through various means, such as issuing bonds, debentures, and taking public deposits.
To know more, read NCD: Non-Convertible Debentures Definition.
They play a crucial role in extending credit and financial services to different sectors of the economy, especially to individuals and small businesses who may need help to obtain loans from regular banks.
JIO Financial Services NBFC
Jio Financial Services is a financial services company with investments in 6 companies.
- Reliance Industrial Investments and Holdings (RIIHL)
- Jio Information Aggregator Services
- Reliance Retail Insurance Broking Ltd
- Reliance Payment Solutions
- Jio Payments Bank
- Reliance Retail Finance
JIO Financial Services is a financial institution that provides banking services like loans, advances, investments, and other financial products. Still, it does not hold a banking license or accept deposits like traditional banks.
JIO Finance Demerger
Jio Financial Services (JFSL), the new company created after the demerger of Reliance Industries (RIL’s) financial services divisions, has received Rs 15,500 crore in cash and liquid investments from Reliance Industries (RIL).
JFSL has a liquid asset base of Rs 20,700 crore following the transfer.
JIO Finance Share Price
Following a special trading session on Thursday, Jio Financial Services (JFSL), the demerged financial services division of Reliance Industries, had its stock valued at 1.66 lakh crore.
The stock was priced at ₹261.85 per share, exceeding Dalal Street’s forecast of 160–200 per share.