Jio Financial Services gets RBI nod to become core investment company

Jio Financial Services submitted an application to the RBI in November 2023 to convert its status from an NBFC to a Core Investment Company.

Updated on: Jul 12, 2024, 09:01:15 IST

By HT News Desk

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The Reserve Bank of India (RBI) approved conversion of Jio Financial Services from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said in a filing.

People stand next to a logo of Jio Financial Services. (Reuters)

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Jio Financial made its official debut on the bourses on August 21, 2023.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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Jio Financial Services gets RBI nod to become core investment company

Jio Financial Services submitted an application to the RBI in November 2023 to convert its status from an NBFC to a Core Investment Company.

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Read more: Tesla plans to delay robotaxi event to build more prototypes