The financial services company does not have any immediate plan to get into the unsecured and consumer durable lending businesses.
"We hope to start insurance manufacturing in 2026, subject to regulatory approvals," its chief executive and managing director Hitesh Sethia told PTI recently.
The company, which recently entered the reinsurance business, along with its equal joint venture associate Al...
The strongest version of this narrative presents JFS as a disciplined financial services player prioritizing risk management and profitability over aggressive expansion into high-risk lending segments. The company’s focus on secured lending and prime customers aligns with a conservative growth strategy, while its foray into insurance and reinsurance signals diversification. The emphasis on regulatory compliance and team-building for insurance manufacturing suggests a long-term, structured approa...