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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Its lending business is doing the heavy lifting while payments and asset management lag, raising questions over its full-stack narrative.
Last Friday, Jio Financial Services unveiled its fourth-quarter results with the confidence of a company hitting its stride. The management highlighted across-the-board momentum: its lending arm, Jio Credit, saw assets under management surge to Rs 25,711 crore in FY26, a 2.4x jump year-on-year; payments throughput climbed 2.5 times to Rs 200 crore; its asset management venture with BlackRock inched up to over Rs 15,218 crore in AUM within a year of launch; and insurance broking premiums grew to Rs 982 crore for the year, up over 9%.
Just as emphatic was the narrative around its ecosystem. The Jio Finance app …
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
The fintech’s NBFC has seen its loan book decline by 92% in just two years and its global ambition has come undone. The company, though, keeps borrowing, restructuring and diversifying.
