Jio Financial Services Ltd News

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

Promoter group firms infuse ₹3,956 crore in Jio Financial Services

Jio Financial Services Ltd (JFSL) on Wednesday said promoter group companies have infused Rs 3,956 crore in the company to fund expansion. The Board of Directors of the company allotted 50 crore warrants for cash at a price of Rs 316.50 per warrant members of the promoter group -- Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd upon receipt of Rs 3956.25 crore, JFSL said in a regulatory filing. Both the companies have been alloted 25 crore warrants each at Rs 316.50 per unit, it said. Subscription amount received by the company was 25 per cent of warrant issue price of Rs 316.50 per unit aggregating to Rs 3,956 crore. JFSL board in July had approved fund infusion of Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. The promoters, including the Ambani family and different group holding entities, together own 47.12 per cent of the company. Jio Financial Services Ltd (JFSL) reported a 4 per cent increase in

RIL AGM: How to trade group stocks; check strategy here

Technical charts suggest that Reliance group stocks such as Jio Financial Services, Network18, Just Dial, Alok Industries and Den Networks can crack up to 21 per cent from here.

AI rise likely to alter how we assess risk, says JFS chairman KV Kamath

Chairman KV Kamath highlights scaling of businesses, new ventures, regulatory approvals and partnerships with BlackRock and Allianz as Jio Financial marks a crucial FY25

JioFinance app offers paid tax filing and planning to simplify returns

Jio Financial Services Ltd (JFSL) on Monday said taxpayers can take assistance of JioFinance App for filing their returns as it has launched planning and filing module on its platform. Aimed at making tax planning and income tax return (ITR) filing simpler, smarter, and more affordable, the new feature has been developed in partnership with TaxBuddy, an online tax filing and advisory service, JFSL said in a statement. The tax filing feature allows users to either file returns themselves, or opt for expert-assisted filing, with plans starting as low as Rs 24 for self-service options, and Rs 999 for assisted options. The module includes two core features -- tax planner and tax filing, it said, adding that the tax filing feature is designed to address common challenges such as confusion between old and new tax regimes, helping customers save taxes by ensuring deductions under sections like 80C and 80D are not missed, and eliminating over-reliance on costly intermediaries. The tax plan

JIO, Retail, O2C, New Energy: What analysts expect from RIL AGM on Aug. 29

At the AGM in 2024, Mukesh Ambani-controlled RIL guided for 2x growth in its business by 2030, with JIO and Retail envisaged to double over the next three-four years

Leveraging tech can make JFS premier financial services entity: Kamath

Jio Financial Services to use digital innovation and Agentic AI to expand access and simplify financial services, says Chairman K V Kamath in FY25 annual report

Jio Financial shares gain as board approves ₹15,825 crore fund raise

Jio Financial Services shares rose 3 per cent its board approved a ₹15,825 crore capital infusion from its promoter entities

Jio Financial to raise ₹15,825 cr from promoters via warrant issue

The board of Jio Financial Services approves one of the largest capital infusions in Indian financial services, as promoters back expansion into insurance and lending

Explained: Why the Ambani family is investing in Jio Financial, not RIL

Ambani family's ₹10,000 crore capital infusion into Jio Financial bypasses RIL. Here's what it signals for strategy, control, and the future of the group's NBFC play

Nifty, Bank Nifty outlook; Polycab, PI Industries among top stocks to buy

Polycab and Jio Financial Services are among the top stocks to buy today, says Chandan Taparia

Ambani family's stake likely to top 51% in Jio Financial Services

Board to meet Wednesday to consider fundraising options including rights issue, QIP and preferential allotment as promoters eye majority control in Jio Financial

Jio Financial, Allianz to launch reinsurance JV in India with 50-50 stake

The 50-50 venture combines Jio's local digital footprint with Allianz's global underwriting and reinsurance capabilities, the companies said in a statement late Friday

Jio Financial Services ties up with Allianz Group for 50:50 reinsurance JV

Sign non-binding agreement to set up equally owned JVs for life and general insurance biz

Jio Financial Services profit up 4% at ₹325 crore as expenses rise

Jio Credit Limited, the flagship arm of JFS, reported assets under management of ₹11,665 crore, up from ₹217 crore in Q1FY25

Jio Financial Q1 result: Profit up marginally to ₹325 cr, revenue jumps 46%

Shares of closed at ₹318.1 apiece on the BSE on Thursday