JIO payment technology is one of the promising financial technology startup companies in India. JIO is founded in 2015 and as has emerged as one of the largest players in India is domestic money transfer (cash to bank) segment. It is an award-winning online transaction platform for DMT, payments and travel.
JIO has one of the largest cash collection network agents in the country to work on cash collection and banking activities. MA has founded JIO and is now aspiring to apply for the small payments Bank license. The application has to be made to a statutory authority. as per the statutory authorities’ guidelines the payment Bank applicant have to submit the top 10 risk scenarios that they would face while operating a small payment bank in India.
The board of JIO would then evaluate the test scenarios and prepare a formal report to adopt the risk scenarios with specific risk management actions. Post discussions at the board and adoption of the risk scenarios and would make the application to the statutory authority for transforming JIO into a small payment Bank.
You are required to design any two risk scenarios in the following format out of the various risks identified in the above case study. [10 Marks]
i. Risk Scenario Title
ii. Scenario description
iii. Impact of scenario
iv. Current measures to manage risks
Answers
Answer:
i think iv. current measure to manage risk will be the answer.
Explanation:
I THINK IT IS HELPFULL FOR YOU
Answer:
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Home >Companies >News >Jio Platforms to use ₹28,000 crore from Facebook to redeem RIL OCPS, cut debt
Morgan Stanley as financial advisor and AZB & Partners and Davis Polk & Wardwell as counsels advised on the transaction. (Photo: Bloomberg)
Morgan Stanley as financial advisor and AZB & Partners and Davis Polk & Wardwell as counsels advised on the transaction. (Photo: Bloomberg)
Jio Platforms to use ₹28,000 crore from Facebook to redeem RIL OCPS, cut debt
1 min read . 22 Apr 2020
Dhirendra Tripathi
The Facebook investment values Jio Platforms at ₹4.62 lakh crore pre-enterprise value at a conversion rate of ₹70
The debt in Jio Platform books is around ₹40,000 crore
NEW DELHI: Jio Platforms will use ₹28,000 crore from the ₹43,574 crore deal with Facebook to redeem optionally convertible preference shares (OCPS) of its parent Reliance Industries and retain ₹15,000 crore in its books, a top company official of the Mukesh Ambani company said in a conference call on Wednesday.
“ ₹15,000 crore will be retained in the books of the company. The rest will go into redeeming OCPS of RIL. The entire amount goes into reducing the debt of the group," Anshuman Thakur, head of strategy at Reliance Jio Infocomm, said in the conference call that also had vice president and managing director of Facebook's India unit Ajit Mohan joining it. Reliance Jio Infocomm, India's largest mobile services provider with 388 million subscribers, is a fully-owned subsidiary of Jio Platforms.