Jio Financial Profit Rises on Lending
Jio Financial Services reported a surge in second-quarter adjusted operating profit as lending operations expanded across India. Gross assets under management in Jio Credit rose significantly, driven by strong consumer and corporate credit demand.
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Jio Financial Services Ltd posted an 85% surge in adjusted operating profit to 5.74 billion rupees ($60.39M) during the September quarter, driven by rapid lending expansion.
