Jio Financial Services Ltd 1st AGM | Key highlights, Chairman’s Speech, And CEO Presentation.

Mumbai, 30th of August, 2024 : Some of the key business highlights spoken about at the AGM are as follows: 

• JioFinance app which was launched in beta mode on May 30, 2024 has crossed over 1 million downloads 
• Some of the services already live on the platform include Loans on Mutual Funds, savings account, UPI, bill payment, digital insurance, recharges. 
• Jio Finance Limited (JFL), the NFBC has already launched secured lending products in the market such as Supply Chain Financing, Loans on Mutual Funds, and Enterprise Solution for Device Financing.  
• JFL is also in advanced stages of launching Home Loans, which have been rolled out in Beta mode, and other products such as Loan Against Property and Loan on Securities are in the pipeline.
• Jio Payments Bank has crossed 1 million CASA customers and is providing digital banking solutions to retail customers and small businesses. 
• The tech stack for the payments bank has been completely revamped and now a customer can open a savings bank account in under 5 minutes, completely digitally. 
• JV with BlackRock for AMC: key leadership has been identified and development of the tech infra and go-to-market strategy are in advanced stages. 
• Jio Insurance Broking Limited (JIBL), our insurance broking business, has already tied up with 31 leading private and public sector insurance companies, and offering customers a comprehensive portfolio of life, health, motor, two-wheeler, fire and property insurance. 
• Through the JioFinance app, JIBL is also offering embedded insurance for white goods at point of sale, extended warranty for consumer durables and mobiles.    

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