Friday, 14 August 2026 · World
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EUROS The World Financial Report
Nº 34 Friday, 14 August 2026 · World Edition
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Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market

Markets-Economic Times · 8h ago · 🇮🇳 India
Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market

Bank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in India's booming retail loan sector. This collaboration merges Jio's innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory approvals will be required to finalize this impactful venture.

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