Jio Financial Services Ltd News

Jio Financial Services infuses ₹2,000 crore into subsidiary Jio Credit Ltd

Jio Financial Services Ltd (JFSL) on Thursday said it has infused Rs 2,000 crore in its subsidiary Jio Credit Ltd to fund its business growth. The company has subscribed to and has been allotted 3,35,71,923 equity shares of Rs 10 each of Jio Credit Ltd, a wholly-owned subsidiary (non-banking financial company), for cash at a premium of Rs 585.70 per equity share, aggregating Rs 1,999.88 crore, JFSL said in a statement. JCL will utilise the amount to fund its business operations, it said. Last month, JFSL reported a 9 per cent drop in consolidated profit at Rs 269 crore in the third quarter ended December 2025. The company earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal.

Jio Financial Services names Sandeep Khetan Group chief risk officer

Jio Financial Services has named Sandeep Khetan as its new Group Chief Risk Officer, replacing S Anantharaman, who has resigned and will step down from the role on March 20

GRSE, Swiggy, Jio Fin, 2 other stocks form 'Death Cross', show tech charts

In general, 'Death Cross' is considered as a bearish indicator. Technical analyst, Hitesh Tailor examines GRSE and Jio Financial stock charts and explains why the bias seems negative here.

Stocks to Watch today, Jan 16: RIL, Infosys, ICICI Pru AMC, Jio Financial

Stocks to watch on January 16, 2026: Stocks like Infosys, ICICI Prudential AMC, Biocon, Angel One and HDB Financial Services will remain in focus today

Jio Financial Services reports 9% drop in Q3 profit at ₹269 crore

Jio Financial Services Ltd on Thursday reported a 9 per cent drop in consolidated profit at Rs 269 crore for the third quarter ended December 31, 2025. The company had earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal. Total expenses also witnessed a significant year-on-year increase, rising to Rs 566 crore from Rs 131 crore in the same quarter a year ago. During the quarter, pre-provisioning operating profit grew by 7 per cent to Rs 354 crore. Growth in total income was partially offset by higher expenses, in line with volume growth across all businesses, it said. For the nine months ended December, the company's net profit also declined marginally to Rs 1,289 crore,

Q3 results: HDFC Life Insurance, Jio Financial, L&T Tech, 24 more on Jan 15

Q3FY26 company results: Firms including Alok Industries, Angel One, South Indian Bank, Nelco, and Smartworks Coworking are also to release their October-December earnings reports today

Banks increasingly looking towards retail customers, says K V Kamath

K V Kamath says Indian banks must reinvent, focus on retail, and invest in the right tech as corporates rely less on loans and new-age finance reshapes money flows

Jio Financial's AI-generated festive film celebrates the spirit of Diwali

The AI-crafted film by Jio Financial connects the spirit of Diwali with technology-driven financial empowerment, using the Diya as a symbol of warmth and new beginnings

Jio Financial Services Q2FY26 results: Profit almost flat at ₹695 crore

Jio Financial Services posted Rs 695 crore in net profit for Q2FY26, driven by a fivefold rise in business income and 12x growth in AUM amid strong traction across digital finance units

Jio Payments Bank wins contract for free-flow toll system rollout

Jio Payments Bank began FASTag-based toll collection in July 2025, and is currently managing toll operations at 11 toll plazas on different highway stretches across the country as an acquirer bank

Jio Financial, Germany's Allianz form JV to set up reinsurance business

Jio Financial Services Ltd (JFSL) on Tuesday said the company and Allianz of Germany have incorporated a joint venture company named 'Allianz Jio Reinsurance Ltd' (AJRL) to carry on the business of reinsurance in India. The company AJRL will invest an amount of Rs 2.50 lakh towards initial subscription of 25,000 equity shares of face value Rs 10 each for 50 per cent stake, JFSL said in a regulatory approval. AJRL has been incorporated pursuant to receipt of no objection certificate from Insurance Regulatory and Development Authority of India, it said. The Certificate of Incorporation was received from the Ministry of Corporate Affairs, by email, on September 8, 2025, it added. Both the companies on July 18, had announced a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance