Bank of America to Invest $1.92 Billion for 49.9% Stake in Jio Financial NBFC Unit

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12 August 2026 at 10:35 pm

Bank of America to Invest $1.92 Billion for 49.9% Stake in Jio Financial NBFC Unit

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Summary

Bank of America will invest $1.92 billion for a 49.9% stake in Jio Financial Services' NBFC unit, Jio Credit, becoming a joint venture partner. This deal, announced on Wednesday, marks a significant investment in India's financial services sector.

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