The Reserve Bank of India has give an apporoval to Jio Financial Services to become a core investment company.
In a stock filing, Jio Financial said that “further to the disclosure dated November 21, 2023, the company has today received from the Reserve Bank of India approval for conversion of the Company from Non-Banking Financial Company to Core Investment Company.”
With this approval, Jio Financial Services will now have more flexibility in terms of its day-to-day operations. Now, it can emphasise on core investment rather than other finance activities. Jio Financial can now aim for diversification of its investment portfolio with ever-changing market conditions.
Sociobits
The Reserve Bank of India has give an apporoval to Jio Financial Services to become a core investment company.
In a stock filing, Jio Financial said that “further to the disclosure dated November 21, 2023, the company has today received from the Reserve Bank of India approval for conversion of the Company from Non-Banking Financial Company to Core Investment Company.”
With this approval, Jio Financial Services will now have more flexibility in terms of its day-to-day operations. Now, it can emphasise on core investment rather than other finance activities. Jio Financial can now aim for diversification of its investment portfolio with ever-changing market conditions.
#reservebankofindia #jio #finance #service #company #investment #activities #portfolio #rbi #approval
7 months ago | [YT] | 2