India, April 30 -- Reliance's Jio Financial Services (JFS) has received approval from the Ministry of Corporate Affairs (MCA) for the appointment of Hitesh Kumar Sethia as its new managing director and CEO.

Sethia has been appointed as the new MD and CEO of the company for a period of three years starting November 15, 2023. In a regulatory filing with the bourses, JFS said that it received the approval letter from the MCA on April 24.

". We wish to inform you that the Ministry of Corporate Affairs vide letter dated April 24, 2024, has accorded its approval for the appointment of Shri Hitesh Kumar Sethia as Managing Director and Chief Executive Officer effective November 15, 2023, for a period of three years," said JFS in a filing with t...