Backed by strong growth in lending, payments and asset management, Jio Financial aims to deepen customer engagement through its AI-powered JioFinance App while scaling its “Fintelligence For All” vision.

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Jio Financial Services Ltd (JFSL) is betting on artificial intelligence, digital platforms and partnerships with global financial giants BlackRock and Allianz to drive its next phase of growth.The company, which has outlined its “Fintelligence For All” vision, said its partnerships with BlackRock and Allianz are expected to mature further in FY27, facilitating the expansion of its asset management and insurance offerings across the country.“Looking ahead to FY 2026-27, our strategic partnerships with global leaders like BlackRock and Allianz will mature further,” JFSL Chairman K V Kamath said in his message to shareholders in the company’s annual report for FY26.He said the financial services industry is undergoing a fundamental transformation, with traditional competitive advantages or “moats” increasingly being challenged by technology-led platforms.“The future will not belong to traditional banks or non-banks, but to platforms that connect people with what they need - contextually, seamlessly and smartly,” Kamath said.He said savers are increasingly turning into investors and shifting capital towards technology-driven financial products, putting pressure on legacy financial institutions burdened with complex IT systems to keep pace with digital-native players.Against this backdrop, JFSL has made rapid strides in building technology-led financial services, he added.Lending, payments and asset management businesses gain momentumThe company reported consolidated total income (excluding dividends) of Rs 3,274 crore in FY26, up 78 per cent from the preceding fiscal. Moreover, income from core business operations surged 272 per cent year-on-year to Rs 1,390 crore.JFSL’s lending business also expanded sharply during the year. Assets under management (AUM) of Jio Credit Ltd jumped 156 per cent year-on-year to over Rs 25,700 crore, aided by diversified product offerings and customer demand. Its payments businesses also recorded strong growth.Jio Payments Bank served over 3.7 million customers, while deposits rose 84 per cent year-on-year to Rs 544 crore.Jio Payment Solutions’ total payment volume increased 144 per cent in FY26 to surpass Rs 52,000 crore.Meanwhile, the company’s asset management joint venture with BlackRock crossed Rs 16,000 crore in AUM within its first year of operation, with the company highlighting participation from new-to-market investors and customers beyond India’s top 30 cities.AI-powered platform at the core of growth strategyJFSL Director Isha M Ambani said a young and digitally native population is fundamentally changing how financial services are consumed in India, with customers increasingly demanding speed, simplicity, transparency and globally benchmarked experiences.The JioFinance App has emerged as the centrepiece of the company’s strategy, with JFSL using Agentic AI to move toward an “N=1” experience, offering services to individual users’ needs, she added.“As we look ahead, we remain focused on deepening our understanding of customer needs, strengthening our capabilities and building a financial services platform that reflects the aspirations of a new India,” Ambani said.JFSL said it is driving a major transformation in the country’s digital economy through its core theme of “Fintelligence For All”.“As we scale our platform and deepen our capabilities, our commitment is reflected in this year’s theme – Fintelligence For All – making financial services simpler, smarter and accessible to every Indian,” its MD and CEO Hitesh Sethia said.Kamath remains optimistic on India’s long-term growthOn the broader economic front, Kamath is optimistic about India’s long-term economic prospects despite heightened geopolitical uncertainty. He said the country is better positioned to withstand external shocks due to structural reforms, healthier corporate and bank balance sheets, digital public infrastructure and investments in physical infrastructure.Published on August 3, 2026