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Ambani's Jio Financial to launch loans
The Business Guardian
|October 18, 2023
Jio Financial Services (JFS), a subsidiary of Mukesh Ambani's Reliance Industries, is set to expand its financial offerings, aiming to become a comprehensive financial services provider in India's burgeoning market.
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The company's move into the financial sector follows its disruptive forays into telecom and retail industries, and it seeks to capitalize on the relatively low penetration of financial investment products in India compared to the size of its economy.
JFS is gearing up to introduce a suite of new loan products, including auto and home loans, as part of its financial services expansion. Previously, the company had rolled out personal loans for salaried and self-employed individuals in Mumbai, as well as consumer durable loans in 300 stores across India. In a presentation to analysts, JFS outlined its plans to launch business and merchant loans, expanding its lending services to the self-employed segment.
Diese Geschichte stammt aus der October 18, 2023-Ausgabe von The Business Guardian.
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