Intentar ORO - Gratis
Jio Bank Plans to 'Auto-Invest' Idle Funds of Customers in MFs
Mint Ahmedabad
|August 29, 2025
The Jio Payments Bank is mulling the introduction of an offering which will auto-invest customers' idle deposits in overnight mutual funds for higher returns, a top official said on Thursday.
Addressing shareholders at the annual general meeting, Jio Financial Services' managing director and chief executive Hitesh Sethia said the company, which has partnered with global brands like BlackRock for asset management and Allianz for insurance in the past, will be entering more "strategic tie-ups" to expand its portfolio.
The Jio Payments Bank was serving over 2.5 million customers and had a deposit base of over ₹358 crore as of June this year. Payments banks are aimed at offering payments and remittances to customers, and have restrictions including a ₹2 lakh cap on the maximum permissible deposits.
Esta historia es de la edición August 29, 2025 de Mint Ahmedabad.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Ahmedabad
Mint Ahmedabad
'India's GCC count to hit 2,400 by 2030'
India could host more than 2,400 global capability centres (GCCs) by 2030, TeamLease Services said on Wednesday, adding that US President Donald Trump's H-1B visa crackdown has had little effect on multinational offshoring plans.
1 min
November 13, 2025
Mint Ahmedabad
Solution goes on auction for CIA HQ’s ‘Kryptos’ sculpture
The solution for 'K4’, a source of fascination among thousands of obsessive ‘Kryptos’ fans, is being auctioned
4 mins
November 13, 2025
Mint Ahmedabad
Foxconn posts 17% rise in Q3 profit
Taiwan’s Foxconn, the world’s largest contract electronics maker, posted a forecast-beating 17% rise in third-quarter profit on Wednesday, fuelled by the sustained strength in demand for artificial intelligence (AI) servers that it expects to drive growth next year too.
1 min
November 13, 2025
Mint Ahmedabad
India plans new weather satellite to stabilize its green energy grid
India is planning to launch a weather satellite and upgrade its prediction systems as climate change increasingly disrupts renewable power generation and impacts grid stability.
1 mins
November 13, 2025
Mint Ahmedabad
Tariff lifts banking stocks’ haven appeal
Foreign investors are showing renewed interest as India’s banking sector has risen to the top of their wish lists
3 mins
November 13, 2025
Mint Ahmedabad
China is trying to remodel the foundations of global power
It is doubling down on self-reliance in the face of the US challenge
3 mins
November 13, 2025
Mint Ahmedabad
Fila reviews options for stake in Doms
Italian stationery company Fila SpA is reviewing options for its minority stake in India-listed Doms Industries Ltd as it seeks to deepen ties with the fast-growing Asian market, according to people familiar with the matter.
1 min
November 13, 2025
Mint Ahmedabad
Kinara Cap scouts for buyers
The firm, hit by bad loans and a liquidity crunch, is seeking strategic investors including fintechs and NBFCs
2 mins
November 13, 2025
Mint Ahmedabad
Quick commerce uses algos to bunch orders, save costs
The strategy is reshaping q-commerce, turning rapid delivery to a data-driven logistics game
2 mins
November 13, 2025
Mint Ahmedabad
Flesh is a uniquely original Booker winner
David Szalay’s novel is an experimental fiction that never loses the reader
2 mins
November 13, 2025
Listen
Translate
Change font size