Downloads:
— Jio Financial Q1 earnings presentation
— P&L statement
Jio Credit, the NBFC arm of Jio Financial Services, reported Rs 30,667 crore in assets under management for the quarter ended June 2026 (Q1 FY27), up 163% from Rs 11,665 crore in the year-ago quarter.
Loan disbursements grew 173% year-on-year to Rs 11,252 crore, driven by strong demand across mortgages, loans against securities and corporate and SME lending. Net interest income from the lending business rose 118% year-on-year to Rs 257 crore.
Jio Financial Services is the fintech arm of Mukesh Ambani’s Reliance Industries. Apart from lending, it also operates payments, insurance and asset management businesses.
Here’s how its key business verticals performed in Q1 FY27.
Jio Payments Bank: The number of current account and savings account customers (customers with deposits) with the bank stood at 3.9 million as of June 2026, up 51% year-on-year.
Customer deposits with the bank surged 72% to Rs 617 crore in Q1 FY27 from Rs 358 crore in Q1 FY26. Average balance per customer rose 16% year-on-year to Rs 1,540 in the April-June quarter.
In Q1 FY27, Jio Payments Bank also launched FASTag ANPR-based multi-lane free flow toll processing operations across 19 toll plazas and 1 MLFF corridor. It also expanded its offerings with the rollout of UPI-based cash withdrawal, Bharat Bill Payment System through its business correspondent touchpoints and instant debit cards.
Jio Payment Solutions: Under this business vertical, Jio Financial Services provides payment gateway and payment aggregator services to online merchants, facilitating digital payments via UPI, credit/debit cards and net banking. It also offers Point of Sale devices and UPI QR codes to in-store merchants.
The total payment value (TPV) of Jio’s payments arm jumped 2.5x to Rs 19,208 crore in Q1 FY27, compared to Rs 7,719 crore in the same quarter last year. TPV represents the total rupee amount of transactions that pass through a platform or product over a given period.
The platform saw TPV from merchants outside the ecosystem grow more than 15-x year-on-year.
On a year-on-year basis, gross fee and commission income surged 6.4x to Rs 176 crore in April-June 2026, while net fee & commission income grew 3.4x to Rs 24 crore, helped by margin expansion and improving operating leverage.
During the quarter, Jio Payment Solutions also launched cross-border collection services, allowing Indian exporters to accept international payments.
Asset management and insurance: JioBlackRock Asset Management continued to see strong investor inflows and market appreciation, with its closing AUM rising 21% year-on-year to Rs 18,412 crore.
During the quarter, the company expanded its product offerings with Prism Specialised Investment Fund (SIF) and received regulatory clearance to set up a retail fund management entity in GIFT City.
Launched in 2025, JioBlackRock is a 50:50 joint…
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