Jio Financial Services has received approval from the Department of Economic Affairs, Ministry of Finance, to raise the ceiling on foreign investments in the company to 49% of its fully diluted paid-up equity share capital. This approval includes foreign portfolio investments (FPIs) as well. 

Jio Financial Services operates through multiple subsidiaries, which include Jio Finance (JFL), Jio Insurance Broking (JIBL), and Jio Payment Solutions (JPSL). It also runs a joint venture, Jio Payments Bank (JPBL), to provide financial services to consumers.