Jio Financial Services (JFSL) has tightened its grip on its banking arm, Jio Payments Bank, with a fresh infusion of Rs 190 crore. 

The move follows its recent buyout of State Bank of India’s 17.8% stake for Rs 104.54 crore, giving JFSL complete ownership of the bank.

The capital infusion was disclosed in a regulatory filing, where JFSL said it had been allotted 19 crore equity shares at Rs 10 each -- making the transaction a related-party deal but executed on an arm’s length basis with no involvement from promoters.

For Q4 FY25, the company reported a 2% yoy increase in consolidated net profit which stood at Rs 316 crore, while revenue from operations climbed 18% to Rs 493 crore. 

While interest income saw a minor dip to Rs 276 crore for the January-March quarter, fee and commission income ticked up to Rs 39 crore. But the standout figure was the surge in assets under management (AUM) in its lending and leasing business -- which jumped to Rs 10,053 crore from just Rs 173 crore a year earlier, marking a dramatic expansion in scale.