Jio Financial Services, through its non-banking financial company (NBFC) arm, Jio Credit, is set to maintain strong growth in FY27, focusing initially on secured lending products such as home loans and loans against property. Hitesh Sethia, the Managing Director and CEO, emphasized that the company will expand into unsecured lending only after achieving a critical mass. Currently, Jio Credit is operating under a AAA rating, which allows it to maintain competitive net interest margins (NIMs) above 3%. The company is also preparing to meet the Reserve Bank of India's (RBI) eligibility criteria for upper-layer NBFC classification, which includes maintaining high governance standards. Sethia noted that while the goal is to reach ₹1 trillion in assets under management (AUM), the focus remains on building a solid balance sheet and adhering to risk management practices. Additionally, Jio Financial Services is expanding its offerings in insurance and asset management, having partnered with Allianz for reinsurance and BlackRock for asset management. The firm has already achieved an AUM of approximately ₹16,000 crore within nine months, indicating strong market traction.