Key Points
This company is starting with an underlying net worth of about Rs 1,50,000 crore, out of which there are about Rs 1,10,000 crore worth of shares of Reliance Industries and the balance in the form of the real net worth..
Against that, Jio Financials would have around Rs 1,10,000 crore from share and balance from the cash, so around 1,50,000 crore kind of a net worth..
They already have a retail book of around close to Rs 2,75,000-2,80,000 crore on an annual basis at the end of last quarter which is growing at around 15% rate of growth or close to Rs 3,00,000 crore worth of retail revenue book that they have got...
On one side, merchant lending could be around Rs 25,000 to 50,000 crore per month and the balance amount would be from retail lending where the means are significantly higher given the subvention pricing mechanism that they follow..
Yes, but in financial services industries or the financial NBFC business, they could not have done it the way the other businesses got built up, particularly the manufacturing or industrial side of the business, even for the better consumer side of the business..
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