MUMBAI: Jio Financial Services has reported a consolidated internet profit of Rs 311 crore for the quarter ended in March 2024, which is a 5.7% improve in contrast to the Rs 294 crore reported final 12 months. For the complete monetary 12 months, the corporate reported a internet profit of Rs 1,605 crore, which is multifold improve in contrast to the Rs 13 crore reported in the earlier 12 months.
During its presentation to analysts, Jio Financial stated that it has a lending enterprise pipeline that features a wide range of merchandise comparable to residence loans, loans in opposition to property and securities. The firm will even present financing by leasing for merchandise like AirFiber, photo voltaic panels, telephones, laptops, and EV batteries.
Jio Payments Bank has launched its debit card and a revamped financial savings account and plans to develop its enterprise correspondent community. Recently, the funds firm has launched its service provider cell app and has began providing voice packing containers to shopkeepers for QR Code funds. At current, Jio Financial is restricted to the distribution of insurance coverage merchandise from different corporations. The firm can be utilizing insurance coverage to provide prolonged warranties for client durables and cellphones.
During its presentation to analysts, Jio Financial stated that it has a lending enterprise pipeline that features a wide range of merchandise comparable to residence loans, loans in opposition to property and securities. The firm will even present financing by leasing for merchandise like AirFiber, photo voltaic panels, telephones, laptops, and EV batteries.
Jio Payments Bank has launched its debit card and a revamped financial savings account and plans to develop its enterprise correspondent community. Recently, the funds firm has launched its service provider cell app and has began providing voice packing containers to shopkeepers for QR Code funds. At current, Jio Financial is restricted to the distribution of insurance coverage merchandise from different corporations. The firm can be utilizing insurance coverage to provide prolonged warranties for client durables and cellphones.
