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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 …
The Delhi-based group lender has been struggling with mounting losses, driven by the shifting priorities of borrowers and the growing pressure on field staff to meet targets.
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
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.
