Jio Financial to build secured loan book before entering unsecured credit

Jio Financial Services Ltd (JFSL) will focus on secured lending backed by property and securities before expanding into unsecured credit, with managing director and chief executive Hitesh Sethia saying the company will consider entering that segment only after achieving critical scale.

In his message to shareholders in the company’s annual report for fiscal year 2026 (FY26), released on Monday, Sethia said JFSL is building a technology-led financial services platform spanning lending, payments, insurance, investments and digital distribution, with the goal of making financial services “simpler, smarter and accessible to every Indian”.