• Product rollout timeline: Jio Finance plans to launch its stock broking joint venture with BlackRock shortly, roll out general insurance within the current calendar year, and introduce life insurance in the next calendar year.
• Lending growth runway: Backed by ₹25,000 crore in net worth—including an ₹18,000 crore capital infusion from Bank of America—Jio Credit has a clear runway to scale to ₹1.5 lakh crore in assets using 5 to 6 times leverage while focusing primarily on secured lending.
• Digital user targets: The JioFinance app and neutral agentic marketplace have reached 25 million users, with management aiming to quadruple the base to 100 million users over the next 12 months.
• Cost-to-income trajectory: The company's cost-to-income ratio currently sits in the late 30% range, with a long-term goal to compress it toward 10% by deploying AI models across servicing, underwriting, and risk management.