Detailed Narrative
NBFC AUM Ramps to Rs 4,199 Crores
JFL's AUM grew from Rs 1,206 crores to Rs 4,199 crores QoQ. Products include home loans, LAP, LAS, LAMF for retail and corporate lending. Distribution through JioFinance app, physical offices in 7 cities, ecosystem partnerships, and external property portals. Focus on prime/near-prime retail and high-rated corporates.
Digital Platform Gaining Traction
7.4 million monthly active users across JioFinance and MyJio apps. Launched SmartGold for digital gold SIP and MyMoney personal finance tracker. Marketing tie-up with MyJio for customer acquisition accelerating targeted campaigns.
Insurance and Payments Expanding
JIBL doubled plans to 54 across 31 insurers, added 39 corporate clients. Launched sachet insurance (solar panel, cyber). JPSL received Online Payment Aggregator licence. Payments Bank BCs at 7,300 with 1.89 million CASA customers.