Jio Financial Services gets RBI nod to become core investment company.

Banking & Finance

The Reserve Bank of India on Thursday approved the conversion of Jio Financial Services from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said in a filing.Jio Financial Services is the demerged entity of energy-to-telecom conglomerate Reliance Industries Ltd (RIL).


      Jio Financial Services aims to enhance investment capabilities post transition to Core Investment Company.

      This move supports Reliance Industries' strategic restructuring for focused financial services operations.

     

 

     


About RBI,

Headquarters : Mumbai, India.
CEO : Shaktikanta Das
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