JIO Financial Services Ltd.

Jio Financial Services has received an approval from the Reserve Bank of India (RBI) for conversion of the Company from Non-Banking Financial Company (NBFC) to Core Investment Company. Jio Financial Services is the demerged entity of energy-to-telecom conglomerate Reliance Industries (RIL).

In November 2023, Jio Financial Services submitted an application to the RBI to convert its status from an NBFC to a Core Investment Company.

Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).