Healthy Credit Company
The performance of the company showed strong growth in the credit company. His assets in management (AUM) grew considerably to RS 11,665 Crore in Q1 FY26 of only RS 217 Crore in Q1 FY25. The profit of the company after tax for FY25 was RS 1,613 Crore.
Important partnerships
The focus of the AGM was on strategic partnerships aimed at building a complete series of financial products.
Jio Financial works together with Allianz to create Joint Ventures for reinsurance and has signed a non-binding agreement to explore life and general insurance policies in India. This movement corresponds to the purpose of India of “Insurance for All by 2047.”
The company also emphasized his partnership with BlackRock for asset management, asset management and brokers of effects. The first new fund supply (NFO) under this partnership was successful and increased more than RS 17,876 Crore.
Access to new sectors
Jio Financial said that it is actively expanding to new areas after the loans, with a clear focus on insurance, asset management and brokers of securities. The cooperation with Allianz for insurance is an important step in this direction.
Digital first approach
The company plans to use artificial intelligence and data analysis to develop and offer new financial products. This digital first strategy is a core part of its business model.
“With the rise of artificial intelligence and advanced analyzes, we are at the point of a fundamental shift in how we assess risks, offer credit, offer insurance and democratize investment options,” said KV Kamath, chairman of Jio Financial.
Payment bank
The company’s payment bank has also been set to launch an innovative savings account that automatically invests inactive cash in an overnight stay investment fund for a better return.
((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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