corporate loans

Jio Financial Services to Scale ₹25,000 Crore Lending Book via Property, Asset-Backed Corporate Loans

Jio Financial Services will expand its ₹25,000 crore lending book through property-backed and financial asset-backed corporate lending while strengthening its balance sheet before entering unsecured credit, MD Hitesh Sethia said. The loan book comprises 45% property-backed lending, 40-45% corporate lending and 10-11% financial assets-backed lending. The company operates across 18 cities with 23 million customers, has AAA rating with 3.5 times leverage, and its payments bank has scaled to 3.7 million customers with ₹540 crore deposits.