With Jio Financial Services, Reliance Industries plans to enter India's financial services space. Check out important updates..

Reliance Strategic Investments Ltd will be demerged and renamed as Jio Financial Services. This company will also be listed on stock markets.

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Jio Financial Services has attracted massive investor interest while rivals like Paytm face the heat with poor stock performance.

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What's in favor of Jio Financial Services? a. NBFC license b. RIL store network c. RIL customer base d. 5G technology

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Jio Financial services plans to offer consumer & merchant lending using its proprietary data analytics.

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RIL recently roped in veteran banker KV Kamath on its board for the next 5 years. This move highlights RIL's Fintech focus.

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Will RIL's foray be a major disruption in India's financial services market? What do you think?

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