EconomyBofA to take 49.9% stake in Jio Credit for $1.9 billion in India push

Bank of America will acquire up to a 49.9% holding in Jio Credit, the non-bank lending arm of Jio Financial Services. The transaction is valued at 182.68 billion rupees, or about $1.92 billion. The deal marks an expansion by the U.S. lender into India’s rapidly growing financial sector. BofA is using the investment to strengthen its presence in the country’s financial market.

Bank of AmericaJio CreditIndia finance

RReuters★★★☆☆2026-08-12 18:50Original