# BofA Strikes $1.9 Billion Deal for Stake in Lender Jio Credit

https://mins.news/en/item/20817

- Bloomberg News, 2026-08-13 03:21 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-12/bofa-strikes-1-9-billion-deal-for-stake-in-lender-jio-credit?link_source=ta_bluesky_link&taid=6a7d382bb3146000015afb7e

> Bank of America agreed to pay about $1.9 billion for as much as 49.9% of a lending unit owned by Jio Financial Services, giving the US bank direct access to India’s fast-growing economy.

## Related coverage

- [BofA to take 49.9% stake in Jio Credit for $1.9 billion in India push](https://mins.news/en/item/20517) — Reuters, 2026-08-12