Economy · India
Bank of America Arm to Invest $1.9 Billion in Jio Credit
Bank of America's arm will acquire a 49.9% stake in Jio Credit for ₹18,300 crore ($1.9 billion). This investment signifies a major confidence boost in India's expanding retail lending market. The partnership aims to combine Jio's digital innovation with Bank of America's financial expertise to drive growth in India.
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- Centre (2): Business Standard, The Economic Times