कोशिश गोल्ड - मुक्त
Jio Financial now focuses on investments after RBI nod for CIC status
The Business Guardian
|July 13, 2024
Jio Financial Services has secured approval from the Reserve Bank of India (RBI) to transition from a NonBanking Financial Company (NBFC) to a Core Investment Company (CIC), as announced in an official statement on Thursday.
-
The company confirmed, “Further to the disclosure dated November 21, 2023, the Company has today received from the Reserve Bank of India approval for conversion of the Company from NonBanking Financial Company to Core Investment Company.”
A Core Investment Company, defined by the RBI, is a specialized NBFC with a minimum asset size of Rs 100 crore. According to RBI guidelines outlined in a circular dated December 20, 2016, a CIC primarily focuses on acquiring shares and securities, subject to specific conditions.
One critical condition stipulated by the central bank mandates that a CIC must hold not less than 90 percent of its net assets in the form of investments in equity shares, preference shares, bonds, debentures, or loans in group companies.
यह कहानी The Business Guardian के July 13, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
The Business Guardian से और कहानियाँ
The Business Guardian
Resurgence of terror outfits in India: Growing concern about the White-Collar terror network
The Deadly explosion through a moving car on 10 Nov 2035, just in the vicinity of Red Fort, that killed 12 people and injured more than 30, is one of the biggest terror attacks in any big city of India in the last decade.
4 mins
November 19, 2025
The Business Guardian
CENTURY OF SERVICE: RSS AND THE MAKING OF A RESILIENT NATION
A transformative idea arose in the decisive phase of India’s freedom struggle.
4 mins
November 19, 2025
The Business Guardian
YouTube unveils new tools, partnerships to boost India's creative economy
YouTube announced a series of new AI-powered tools, major institutional partnerships and expanded safety features aimed at accelerating India’s creative and knowledge economies.
2 mins
November 19, 2025
The Business Guardian
SBI projects India's GDP growth of nearly 7.5 per cent in Q2 FY26
India’s economy is expected to have grown by around 7.5 per cent in the second quarter of the current financial year FY26, supported by a pickup in investment activities, an improvement in rural consumption and the impact of GST rationalization, according to a research report by the State Bank of India (SBI).
1 mins
November 19, 2025
The Business Guardian
Despite GST cut, summer consumer product sales decline: Report
India’s consumer electrical and durables sector witnessed weaker-than-expected demand in the second quarter of FY26 despite the benefits of GST reduction, according to a report by Centrum.
1 min
November 19, 2025
The Business Guardian
16TH FINANCE COMMISSION RELEASES REPORT, CENTRE, STATES TAX DISTRIBUTION DISCUSSED
The report will be made public once it is tabled in Parliament
1 mins
November 19, 2025
The Business Guardian
Public health emergency in Delhi due to rising air pollution: AIIMS
Delhi's air continues to remain toxic, with the Air Quality Index (AQI) exceeding 400, which is in the severe category, affecting the health of everyone, from innocent children to pregnant women, the elderly, and Gen Z.
1 min
November 19, 2025
The Business Guardian
Court sends former Jayapee Infratech MD to 14-day judicial custody
Delhi's Patiala House Court on Tuesday sent Manoj Gaur, former executive chairman and Chief Executive Officer of Jaypee Associates (JAL) to 14-day judicial custody.
2 mins
November 19, 2025
The Business Guardian
We need domestic capital in startups, R&D: Piyush Goyal at Jan Vishwas Bill
Piyush Goyal, Minister of Commerce and Industry, on Tuesday said that the government's performance has transformed from Virasat to Vikas and then to Vishwaas.
2 mins
November 19, 2025
The Business Guardian
SC forms high-powered panel to oversee polls in 16 state bar councils
The Supreme Court on Tuesday constituted a high-powered supervisory committee headed by a retired apex court judge to oversee elections in 16 state bar councils, saying the poll process should be \"just, fair and transparent\".
1 min
November 19, 2025
Listen
Translate
Change font size