Jio Financial Services, the fintech arm of Reliance Industries, reported a 173% year-on-year increase in loan disbursements to Rs 11,252 crore for the quarter ended June 2026 (Q1 FY27), according to its earnings presentation. The company’s assets under management rose 163% to Rs 30,667 crore, while its payments bank customer base reached 3.9 million, marking a 51% increase from the previous year, medianama.com reported.
The surge in loan disbursements was driven by strong demand across mortgages, loans against securities, and corporate and SME lending. Net interest income from the lending business also rose 118% year-on-year to Rs 257 crore. Jio Payments Bank saw customer deposits grow 72% to Rs 617 crore, with the average balance per customer increasing 16% to Rs 1,540 in the quarter. The bank expanded its services with FASTag ANPR-based toll processing at 19 toll plazas and launched UPI-based cash withdrawals and Bharat Bill Payment System through business correspondent touchpoints.
Jio Financial’s performance highlights its growing footprint in India’s fintech sector, where competition among NBFCs and payments banks is intensifying. The company’s diversified offerings across lending, payments, insurance, and asset management position it alongside peers expanding digital financial services. The rapid growth in loan disbursements and payments bank users reflects increasing consumer adoption of digital finance solutions in India’s evolving market landscape.
Jio Payments Bank’s customer base stood at 3.9 million as of June 2026, with deposits reaching Rs 617 crore for Q1 FY27, underscoring the company’s expanding presence in digital banking services, medianama.com reported.