Jio Financial Services

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Bank of America to Invest $1.92 Billion for 49.9% Stake in Jio Financial’s Non-Banking Lending Unit

08/12/2026, 09:38 AM Jio Financial Services Bank of America

Bank of America is set to invest up to $1.92 billion for a 49.9% stake in Jio Credit, enhancing its presence in India's growing financial services market through a partnership with Jio Financial Services.