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Ambani Going After Indian Banks



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Mukesh Ambani-led Reliance is going after the Indian banking industry.

His company Reliance, recently demerged its financial arm, Jio Financial Services.

And he has big plans for it.

The company wants to enter into every single banking service, including lending, asset management, insurance, and payments.

And you know what happens when Reliance enters into a new segment. Its disruption of the Telecom sector is a great example.

And now Jio Financial Services is going to do the same in banking.

Its valuation of 20 Billion Dollars, already puts it in the big banks league, and with Reliance’s wide reach and Jio’s massive database, the company can soon be among the leading financial companies in India.

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Management
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