Latest news with #JioPaymentsBank
Business Upturn
17-07-2025
- Business
- Business Upturn
Jio Financial Services accelerates into a full-stack digital finance powerhouse: 50x NBFC AUM growth, Rs 17,800 crore AMC debut, and 50,000+ financial touchpoints
Jio Financial Services Limited (JFSL) kicked off FY26 on a strong note, delivering robust growth and expanding its footprint across India's financial services landscape. For Q1 FY26, the company reported total income of ₹619 crore, up 48% YoY, with net profit at ₹325 crore, rising 4% YoY. Notably, net income from business (core operating earnings) grew nearly 4x YoY to ₹219 crore, contributing about 40% of total net income. Key Highlights: NBFC (Jio Credit Limited) AUM soared 50x YoY , reaching ₹11,665 crore from just ₹217 crore in Q1 FY25. Jio BlackRock AMC debuted with an NFO that attracted over ₹17,800 crore, placing it among India's top 15 fund houses by debt AUM. The JioFinance app recorded 8.1 million average monthly active users , serving as a unified digital storefront for loans, investments, payments, and insurance. Jio Payments Bank expanded its business correspondent network 2.5x QoQ to more than 50,000 touchpoints , enabling deeper financial access nationwide. Beauty distribution, wealth management, and securities broking businesses under the Jio BlackRock JV also secured regulatory approvals and began building teams. JFSL acquired SBI's 14.96% stake in Jio Payments Bank during the quarter, making it a wholly-owned subsidiary. The company highlighted its technology-first approach, leveraging AI and data analytics to create a single customer view and personalize offerings at scale through the JioFinance app. Hitesh Sethia, MD & CEO, said: 'Our results reflect the measured and evolving nature of our growth curve, balancing investments in early-stage businesses with profitability in mature ones. With our tech-driven platform and strategic foresight, we aim to democratize financial access for every Indian household.' JFSL's Q1 marks a significant step in building a future-ready, cloud-first delivery model, poised to transform financial inclusion at scale. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
26-06-2025
- Business
- Time of India
Jio Financial Services shares rise 3% after Rs 190 crore infusion into Payments Bank arm
Jio Financial Services experienced a 3% increase in share value after a substantial investment of Rs 190 crore in Jio Payments Bank. With the acquisition of SBI's stake, the company now holds complete ownership of the bank. Their Q4 profits showed an impressive rise, with a notable uptick in assets under management. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Jio Financial Services rise 3% to Rs 312.2 in Thursday's intraday trade on the BSE after the company announced a capital infusion of Rs 190 crore into its payments bank a regulatory filing on Wednesday, Jio Financial Services Ltd (JFSL) said it had been allotted 19 crore equity shares of Rs 10 each in Jio Payments Bank Ltd, its wholly owned subsidiary, for cash at clarified that the transaction is a related-party deal conducted on an arm's length basis, with no involvement or interest from the company's promoters or group week, JFSL also acquired State Bank of India 's entire 17.8% stake in Jio Payments Bank for Rs 104.54 crore, consolidating full ownership of the Financial Services reported a 2% year-on-year (YoY) increase in consolidated net profit to Rs 316 crore for the fourth quarter of FY25, up from Rs 311 crore in the same period last from operations rose 18% YoY to Rs 493 crore, compared to Rs 418 crore a year ago. On a sequential basis, revenue grew 13%, while profit after tax increased 7%.Interest income for the January–March 2025 quarter declined slightly to Rs 276 crore, while fee and commission income rose to Rs 39 the lending and leasing segment, the company's assets under management (AUM) surged to Rs 10,053 crore, a sharp rise from just Rs 173 crore a year to Trendlyne, the average target price for Jio Financial Services is Rs 272, indicating a downside of around 12% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Hold'.Technically, the stock's Relative Strength Index (RSI) stands at 65.5, nearing overbought territory. It is trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, suggesting strong underlying momentum.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
26-06-2025
- Business
- Mint
Jio Financial Services stock jumps 3% to 6-month high after capital infusion in payments bank arm
Jio Financial Services share price in focus today: Shares of Jio Financial Services (JFSL) extended their gains for the third straight session on Thursday, June 12, rising 3% intraday to touch a six-month high of ₹ 312 per share, mirroring the positive trend in the Indian stock market. The rally comes after the company announced on Wednesday that it has infused ₹ 190 crore into its payments banking arm, Jio Payments Bank Ltd. According to its regulatory filing, JFSL has been allotted 19 crore equity shares of ₹ 10 each in the wholly owned subsidiary, with the investment made in cash at face value. JFSL clarified that the transaction qualifies as a related-party transaction, as it involves the company and its wholly owned unit. However, it added that the deal was conducted on an arm's-length basis and that no promoter, promoter group, or related group entities had any interest in the transaction. Just last week, JFSL acquired the remaining 17.8% stake, amounting to 7.91 crore shares, held by the State Bank of India in Jio Payments Bank for ₹ 104.54 crore. The acquisition has made Jio Payments Bank a wholly owned subsidiary of JFSL. Shares of Jio Financial Services have rebounded sharply from their April lows, gaining 36% to trade at ₹ 289 apiece. Jio Financial Services Limited—formerly known as Reliance Strategic Investments Limited, the demerged financial arm of Reliance Industries—entered the stock market on August 21, 2023. It debuted at ₹ 265 per share on the BSE and ₹ 262 per share on the NSE, slightly above its discovered price of ₹ 261.85. The company operates as a non-deposit-taking, non-banking financial company, specializing in retail lending, merchant lending, payments bank operations, payment solutions, and insurance broking. On June 17, Jio BlackRock, a 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock, introduced Aladdin, which the company described as a unique investment analytics and risk management platform. In late May, Jio BlackRock Mutual Fund received SEBI's approval to commence operations as an investment manager for its mutual fund business in India. On June 11, the company also informed the exchanges that Jio BlackRock Investment Advisers (JBIAPL) had received approval from the Securities and Exchange Board of India (SEBI) to operate as an investment adviser. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
19-06-2025
- Business
- Yahoo
Jio Financial takes full ownership of Jio Payments Bank
Jio Financial Services (JFSL) has acquired the entire 17.8% stake held by the State Bank of India in Jio Payments Bank. This makes the digital bank a wholly-owned subsidiary of JFSL. Initially, Jio Payments Bank was a joint venture between JFSL, which held 82.17%, and SBI. The deal, valued at Rs1.04bn ($12.05m), received approval from the Reserve Bank of India earlier this month. The acquisition was announced in March, when it was said that it involves a total of 7,90,80,000 equity shares. This acquisition marks a major corporate restructuring for JFSL, as Jio Payments Bank is now fully integrated under Reliance's financial umbrella. The move is seen as part of Reliance's broader strategy to gain complete control over its fintech operations. Days before this announcement, Jio BlackRock Mutual Fund launched Aladdin, a global risk-management platform in India. This platform is part of a 50:50 joint venture between JFSL and BlackRock. Full ownership of Jio Payments Bank provides JFSL with greater autonomy in integrating digital banking with other financial services. The synergy between Jio Payments Bank and Jio BlackRock Mutual Fund could foster a unified digital finance ecosystem. This strategic alignment supports Jio's digital-first, data-driven approach, leveraging BlackRock's investment expertise. The introduction of Aladdin represents the first time this advanced analytics and risk management platform is being made available in India. Meanwhile, in October 2024, JFSL announced that the upgraded version of the JioFinance App is available on the Google Play Store, Apple App Store, and MyJio. "Jio Financial takes full ownership of Jio Payments Bank" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
18-06-2025
- Business
- India.com
Mukesh Ambani's masterstroke, this company acquires SBI's full stake in…, India's richest man buys it for Rs…
Mukesh Ambani (File) Jio Financial Services Ltd (JFSL) on Wednesday said it has acquired the entire 17.8 per cent stake of State Bank of India in Jio Payments Bank Ltd for a consideration of Rs 104.54 crore. With the stake buy, Jio Payments Bank becomes a wholly-owned subsidiary of JFSL. The company acquired 7,90,80,000 equity shares of Jio Payments Bank from SBI for an aggregate consideration of Rs 104.54 crore pursuant to the approval received from Reserve Bank of India on June 4, JFSL said in a regulatory filing. Consequent to this acquisition, Jio Payments Bank has become a wholly-owned subsidiary of the company, it said. Prior to stake buy, Jio Financial held an 82.17 per cent stake in Jio Payments Bank. Reliance Industries (RIL) and State Bank of India (SBI) started their payments bank operations in 2018 after forming a joint venture. In which Reliance was holding a 70% stake and SBI owned the remaining 30%. On August 27, 2024, Jio Financial Services was formed after the demerger of Reliance's financial arm. Wherein it infused Rs 68 crore into JPBL by subscribing to 68 million newly issued equity shares priced at Rs 10 each. This investment increased Jio Financial's stake in the payments bank from 78.95% to 82.17%. In October 2022, Reliance announced the demerger from its financial services arm into Reliance Strategic Investments as part of a larger group restructuring initiative. The new entity was later renamed Jio Financial Services and listed on stock exchanges in August 2023. (With Inputs From PTI)
