Jio Financial bets on AI, BlackRock and Allianz as FY26 core income rises 272%
Jio Financial Services is scaling its digital finance platform after FY26 growth in lending, payments and banking. Jio Credit AUM exceeded Rs 25,700 crore, payment volume crossed Rs 52,000 crore, and its BlackRock asset-management JV reached over Rs 16,000 crore in AUM in its first year.
Jio Financial Services plans to deepen AI-led financial services and mature BlackRock and Allianz partnerships in FY27. FY26 saw strong growth in income, lending AUM, payments and its BlackRock mutual-fund venture, expanding its digital consumer-finance platform across India.
Why this matters
FY26 expansion precedes Jio Financial's Q1 FY27 momentum: NBFC disbursements rose 173%, payments bank users neared 4 million, and quarterly profit increased 156% to ₹830 crore as AUM jumped 2.6x.
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