Jio Financial Services submitted an application to the RBI in November 2023 to convert its status from an NBFC to a Core Investment Company.
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The Reserve Bank of India (RBI) approved conversion of Jio Financial Services from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said in a filing.
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This comes after Jio Financial Services submitted an application to the RBI in November 2023 to convert its status from an NBFC to a Core Investment Company.
Jio Financial made its official debut on the bourses on August 21, 2023.
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