Mukesh Ambani's New Loan Distribution Plan May Pose Serious Competition To NBFCs Banks; Details Here
Jio Financial Limited To Launch Home Loans: Mukesh Ambani's Jio Finance Ltd, the NBFC subsidiary of Jio Financial Services, announced that it is in the final stages of launching home loans, which are currently available in Beta mode. This update was shared during the company's first annual general meeting since its stock market debut in August 2023.
Jio Financial Limited To Launch Home Loans: Mukesh Ambani's Jio Finance Ltd, the NBFC subsidiary of Jio Financial Services, announced that it is in the final stages of launching home loans, which are currently available in Beta mode. This update was shared during the company's first annual general meeting since its stock market debut in August 2023.
Adding further, the company plans to introduce other financial products, including loans against property and securities. Meanwhile, Jio Insurance Broking Limited (JIBL) has partnered with 31 leading private and public sector insurance companies to offer insurance products through the JioFinance app.
Jio Financial Limited Set To Launch Home Loans
Jio's Home Loan Services In Beta Testing
Jio Payments Bank Acquires 1 Million CASA Accounts
Jio Finance Limited Expands Lending Portfolio
Jio Insurance Broking Limited's Strategic Partnerships
JFL's Financial Performance
Recently, Jio Financial Limited secured approval to raise its foreign investment limit to 49%. Currently, foreign investors own 17.55 per cent of the company’s shares. For the first quarter ending June 30, 2024, JFL reported a net profit of Rs 313 crore, 6 per cent decline from Rs 332 crore in the same period the previous year.