• NBFC lending expansion: Assets under management grew to over ₹25,700 crore focused entirely on secured lending, supported by a 7% cost of funds and plans to expand balance sheet leverage toward 4x to 5x.
• Operating profit performance: Net interest income increased 29% year-on-year, while pre-provisioning operating profit rose 8% to 9% on a like-to-like basis after adjusting for the consolidation of Jio Payment Bank.
• Payments and banking: The payment services business processed over ₹50,000 crore in transaction volume at a 12 basis point margin, while Jio Payment Bank grew to 3.7 million customers and over ₹540 crore in deposits.
• Asset management scale: Jio BlackRock achieved over ₹16,000 crore in average assets under management within nine months and plans to expand its retail products, distribution channels, and GIFT City offerings.
• Insurance business roadmap: In addition to its active reinsurance and broking operations, the company is progressing toward binding agreements with Allianz to secure regulatory licenses for life and general insurance underwriting.