Jio Financial Services Share Price in Focus on Acquisition of 17.83% Stake in Jio Payments Bank

Jio Financial Services Limited (JFSL) has reportedly acquired the remaining 17.83% stake in Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI) for ₹104.54 crore. The acquisition was completed on June 18, 2025, following approval from the Reserve Bank of India (RBI) on June 4. With this, JPBL has become a wholly owned subsidiary of JFSL.

The transaction involved the purchase of 7,90,80,000 equity shares, as disclosed in an exchange filing. Earlier, JFSL held 82.17% of JPBL, while SBI held the rest.

Jio Financial Services Q4FY25 Results

In the fourth quarter of FY25, Jio Financial Services reported a consolidated net profit of ₹316 crore, a 1.7% increase compared to ₹310.6 crore in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹493 crore, marking an 18% year-on-year growth.

Interest income for the January-March 2025 quarter was ₹276 crore, while income from fees and commissions rose to ₹39 crore.

Growth in Assets and Customer Base

As of March 31, 2025, the company’s assets under management (AUM) stood at ₹10,053 crore, compared to ₹173 crore the previous year. This increase was driven by expansion in lending and leasing operations, particularly in 10 tier-1 cities.

JPBL also reported growth, with its customer base rising to 2.31 million. CASA and wallet deposits reached ₹295 crore.

Activity in Asset Management

Jio Financial Services is also active in the asset management space through Jio BlackRock Asset Management, a 50:50 joint venture with BlackRock. The joint venture has received SEBI approval to operate as an investment manager in India.

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JFSL Share Price Performance 

As of 9:30 AM on June 19, 2025, JFSL share price was trading at ₹287.05, a 0.38% decrease. The stock has returned over 34% since its listing in August 2023, but has declined 20.77% over the past year.

Conclusion

With the SBI stake acquisition completed, JPBL now operates entirely under JFSL, consolidating the group’s position in the digital banking space.

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