Jio Financial Services Q1 Results: A look at 7 key recent announcements ahead of earnings

The stock will be on investors' radar as the market participants eagerly await the company's forward-looking statements and the long-term plan.

The June quarter was an action-packed period for the company as the NBFC arm of Reliance Industries (RIL) made a series of business announcements.

Jio BlackRock gets SEBI nod to launch four passive index mutual funds

The Securities and Exchange Board of India (SEBI) has granted approval to Jio BlackRock, a joint venture between Jio Financial Services and BlackRock, to launch four new passive funds in the market.

• JioBlackRock Nifty Midcap 150 Index Fund

• JioBlackRock Nifty Next 50 Index Fund

• JioBlackRock Nifty Smallcap 250 Index Fund and

• JioBlackRock Nifty 8-13 yr G-Sec Index Fund. READ MORE

Jio Financial gets SEBI nod for brokerage unit

On June 27, 2025, Jio Financial Services said that the Securities and Exchange Board of India (SEBI) gave its approval to Jio BlackRock Broking to act as a stockbroker and clearing member.

The broking entity’s parent company, JioBlackRock Investment Advisers, is a 50:50 joint venture between Jio Financial Services Limited and BlackRock Inc.

Jio BlackRock Investment Advisers gets SEBI nod to launch advisory business

Jio BlackRock Investment Advisers Private Limited, the joint venture between Jio Financial Services Ltd and BlackRock, has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as an investment adviser, the company said on June 11.

In a regulatory filing with stock exchanges, Jio Financial Services said SEBI granted Jio BlackRock Investment Advisers the certificate of registration on June 10 to act as an investment adviser.

Jio Financial gets SEBI nod for mutual fund operation

In May 2025, Jio Financial Services Ltd (JFSL) said its subsidiary has received capital market regulator SEBI's approval for mutual fund operation.

The Securities and Exchange Board of India (SEBI), vide letter dated May 26, 2025, has granted a certificate of registration to 'Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Limited to act as the asset management company for Jio BlackRock Mutual Fund, JFSL said in a regulatory filing.

The company, on October 29, 2024, intimated the incorporation of two companies, 'Jio BlackRock Asset Management Private Limited' and 'Jio BlackRock Trustee Private Limited', to carry on the primary business of mutual funds, subject to regulatory approvals, it said.

In January, JFSL had said that the company and its joint venture partner, US-based BlackRock, have infused ₹117 crore in the mutual fund company.

Jio Financial acquires SBI stake in Jio Payments Bank

In early June 2025, Jio Financial Services Ltd (JFSL) said it acquired the entire 17.8% stake of State Bank of India in Jio Payments Bank Ltd for a consideration of ₹104.54 crore.

With the stake buy, Jio Payments Bank became a wholly owned subsidiary of JFSL.

Jio Financial invests ₹190 crore in Jio Payments Bank

In June 2025, JFSL said it has infused ₹190 crore in its payments bank subsidiary.

The company has been allotted 19,00,00,000 equity shares of ₹10 each of Jio Payments Bank Ltd, a wholly-owned subsidiary, for cash at par, aggregating ₹190 crore, JFSL said in a regulatory filing.

The transaction is between the company and its wholly owned subsidiary and hence a related-party transaction, it said.

"It is on an arm's length basis," the company said, adding that none of the company's promoter/promoter group/other group companies have any interest in the above transaction.

Jio BlackRock Mutual Fund launches 'Aladdin'

Jio BlackRock Mutual Fund in June 2025 introduced Aladdin, BlackRock's unique investment analytics and risk management platform.

Jio BlackRock Asset Management Pvt Ltd is a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock.

About Jio Financial Services

Jio Financial Services provides a full-stack financial service to customers. Through the JioFinance app, JFSL provides a range of services, including loans, savings accounts, UPI bill payments, recharges, digital insurance, financial tracking and management tools and more.

JFSL was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999, under the Companies Act 1956. Subsequently, the name of the company was changed to Reliance Strategic Investments Limited, and a fresh certificate of incorporation was issued on January 14, 2002.

Thereafter, pursuant to a scheme of demerger with Reliance Industries Ltd, the name of the company was further changed to ‘Jio Financial Services Limited’, and a fresh certificate of incorporation was issued on July 25, 2023. JFSL has been listed on the BSE and NSE since August 21, 2023.

JFSL is a core investment company, or CIC, registered with the Reserve Bank of India (RBI). It operates its financial services business through consumer-facing entities, including Jio Credit Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., Jio Leasing Services Ltd., Jio Finance Platform and Service Ltd. and Jio Payments Bank Ltd.