Jio Financial applies to RBI for conversion to CIC from NBFC
Mukesh Ambani-owned Jio Financial Services has submitted an application to the Reserve Bank of India (RBI) for the conversion of the firm to a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC). Jio Financial has applied for the company’s conversion to CIC as mandated by the banking watchdog, the company informed exchanges late … Read more