Jio Finance Ltd on the Verge of Launching Home Loans and More

Jio Finance Ltd, an arm of Jio Financial Services, is set to launch home loans in Beta mode, along with other financial products. At their first post-listing AGM, MD and CEO Hitesh Sethia discussed collaborations with BlackRock, insurance broking services, and digital banking advancements.

Jio Finance Ltd, the non-banking financial arm of Jio Financial Services, is gearing up to launch home loans in its Beta phase, along with other financial products such as loans against property and loans on securities.

Addressing shareholders at the inaugural AGM post-listing, MD and CEO Hitesh Sethia emphasized the company's strategic advancements, including a pivotal joint venture with BlackRock, the world's largest asset manager. This collaboration aims to introduce top-tier investment products in India.

Sethia also highlighted Jio Insurance Broking Limited's partnerships with 31 leading insurance firms, and the tech-driven revamp of Jio Payments Bank, now boasting over 1 million CASA customers. Additionally, the JioFinance app, launched in Beta mode, has already surpassed 1 million downloads.

(With inputs from agencies.)