Jio Financial Services Ltd., originally incorporated as Reliance Strategic Investments Private Ltd, is a systemically important non-deposit-taking Non-Banking Financial Company registered with the Reserve Bank of India. It is a holding company and will operate its financial services business through its consumer-facing subsidiaries namely Jio Finance Ltd (JFL), Jio Insurance Broking Ltd (JIBL), and Jio Payment Solutions Ltd (JPSL) and joint venture namely Jio Payments Bank Ltd (JPBL).