# Bank of America to buy up to 49.9% in Jio Credit for Rs 18,268 crore 2026-08-13T03:12:50+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Bank of America will acquire up to a 49.9% stake in Jio Credit, the NBFC arm of Jio Financial Services, for up to Rs 18,268 crore ($1.9 billion). The deal values Jio Credit at Rs 36,600 crore post investment. The US bank will initially take a 26.5% stake through a preferential allotment of equity shares for Rs 6,612.9 crore, along with warrants worth Rs 11,655.3 crore that can be converted into equity within 18 months. Jio Credit had assets under management of Rs 30,667 crore as of June 2026 and focuses entirely on secured loans such as home loans and loans against property. Bank of America CEO Brian Moynihan said the partnership combines Jio's local scale with the bank's global expertise. The deal is subject to regulatory approvals. Jio Credit's board will have equal representation, but existing management will continue operations. ## Coverage - timesofindia.indiatimes.com - medianama.com Tags: Bank of America, foreign investment, India lending, Jio Credit, Jio Financial Services, NBFC Canonical: https://indianopinion.org/bank-of-america-invests-rs-18268-crore-for-49-9-jio-credit/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bank-of-america-invests-rs-18268-crore-for-49-9-jio-credit/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.