Jio Financial said it will increase financial services penetration by transforming and modernising them with a digital-first approach. In its presentation, It is offering personal loan for salaried and self-employed individuals "with end-to-end digital journey launched in MyJio app in Mumbai."
Jio Financial Services (JFS) to be removed from NSE, PM Modi to attend ASEAN-India Summit in Top News on September 7: Share markets, Bank Nifty outlook, Made in India Aprilia RS 440 global debut, Mono Pharmacare shares listing on NSE SME also in focus in top stories.
JFS may target consumer durable loans, unsecured personal and small-ticket merchant loans by leveraging Reliance Retail and Jio’s physical and digital distribution channels, IIFL Securities said in an August note.
Jio Financial Services: For a spun off entity to be excluded from NSE indices, it must have two consecutive days without any circuit limits or price band, upper or lower.
Jio Financial was listed on August 21 at a 1.18 per cent premium over its discovered price of Rs 261.85 apiece on July 20. BSE has increased the price band for the stock to 20 per cent from 5 per cent earlier