Ambani's gameplan for JFSL? #Jio Financial Services (JFSL)

 

  • Ambani's gameplan for JFSL? #Jio Financial Services (JFSL)
  • Following a demerger from incubator RIL, Jio Financial Services (JFSL) has already occupied the No.2 slot in the list of India's largest NBFCs by market capitalisation at Rs 1.66 lakh crore
  • Earlier in June, global brokerage firm Macquarie had downgraded Paytm and cited JFSL's entry as one of the threats to its business
  • JFSL's entry is being seen as a threat not only to the market leader Bajaj Finance but also to fintechs like Paytm
  • Reliance has always performed with big numbers and big rollout plans, so I am sure the plan is big," said Sushil Choksey of Indus Equity Advisors
  • As RIL has AAA rating from credit agencies In India, JFSL will draw the same rating from the group strength. 
  • It should enable JFSL to borrow funds at low cost and compete with banks, NBFCs and fintechs in retail space, according to analysts
  • There are 219mn total live customers in the bureau vis a vis Jio’s subscriber base of 439.3mn customers, suggesting access to far more data which can support lending decisions," said Centrum Broking's Sonal Gandhi
  • Reliance Retail has 18,040 retail stores and 249 million registered customer base while Jio's subscriber base is at 428 million customers
  • The financial services enterprise is expected to soon launch a consumer and merchant lending business based on proprietary data analytics to complement and supplement the traditional credit bureau-based underwriting

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