Thursday, 13 August 2026 · World
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EUROS The World Financial Report
Nº 33 Thursday, 13 August 2026 · World Edition
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Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit

Markets-Economic Times · 8h ago · 🇮🇳 India
Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit

Bank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of the lending subsidiary. The transaction will provide substantial capital for Jio Credit's expansion plans. It will combine Jio's digital network with Bank of America's financial expertise. This partnership seeks to enhance credit access for all Indians.

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