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Jio Financial Services Invests INR 190 Cr In Jio Payments Bank

  • Jio Financial Services invests INR 190 Cr in Jio Payments Bank after acquiring complete ownership.
  • JFS made the investment by purchasing 19 Cr equity shares of Jio Payments Bank at INR 10 each.
  • Jio Payments Bank was integrated with JioFinance app, aiming to streamline financial services for users.
  • JFS is expanding its financial services offerings, entering areas like wealth management, asset management, and stock broking.

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