Following the transaction, Jio Payments Bank has become a wholly-owned subsidiary of Jio Financial Services. Prior to this, Jio Payments Bank operated as a joint venture between Jio Financial Services and the SBI.
Jio Financial Services reported an 18% year-on-year (YoY) increase in Q4
revenue to ₹493.2 crore, aided by strong growth in lending, leasing, and digital financial services. Net profit for the March quarter rose 1.7% to ₹316 crore from ₹310.6 crore a year earlier.
Also Read: Jio BlackRock secures SEBI nod to operate as investment adviser
A key highlight for the full year was the surge in assets under management (AUM), which jumped to ₹10,053 crore as of March 31, 2025, from ₹173 crore the previous year. This sharp growth was driven by Jio Finance Limited (JFL), which ramped up lending and leasing operations while expanding its footprint to 10 tier-1 cities.
On the payments side, Jio Payments Bank Limited (JPBL) tripled its customer base to 2.31 million and boosted its CASA (current account savings account) and wallet deposits to ₹295 crore. The pending acquisition of SBI’s stake in JPBL is expected to further consolidate its position.
Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services.
Shares of Jio Financial Services Ltd ended at ₹288, down by ₹1.80, or 0.62%, on the BSE.
Also Read: Jio Financial Services shares up 5.5% on foray into digital loans against securities
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(Edited by : Shoma Bhattacharjee)
First Published: Jun 18, 2025 5:55 PM IST
