Will Reliance disrupt the world of money?
Finshots Daily
00:00
RIL or JOshez?
JFS may try to get its hands on a banking license, but the RBI isn't very keen on big corporate houses running banks. An NBFC license won't allow it to raise cheap deposits from customers so its cost of funding will be higher than the banking channel. Then there's the inevitable foray into insurance-broken and asset management. You can bet that JFS will have stiff competition in each of these segments too.
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