# Bank of America to buy up to 49.9% in Jio Credit for $1.9 bn

2026-08-12T20:50:17+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 3 independent outlets

Bank of America will invest up to Rs 18,268 crore ($1.9 billion) in Jio Credit Ltd, the lending arm of Jio Financial Services, acquiring a 26.5% equity stake that can rise to 49.9% through convertible warrants. The deal values Jio Credit at about $3.8 billion. Jio Credit, an RBI-regulated NBFC, held assets under management of Rs 30,667 crore as of June 30, 2026, up 163% year-on-year. The joint venture keeps Jio Credit as a consolidated subsidiary under Jio Financial Services, with equal board representation. Existing management will continue operations. Regulatory approvals are pending.

## Coverage

- livemint.com <https://www.livemint.com/companies/bank-of-america-to-buy-up-to-49-9-in-jio-credit-for-1-9-billion-11786552119777.html>
- inc42.com <https://inc42.com/buzz/bank-of-america-to-buy-49-9-stake-in-jio-financial-services-nbfc-arm-for-1-9-bn/>
- thehindu.com <https://www.thehindu.com/business/bofa-to-pump-18268-cr-in-jio-credit-stake-may-go-up-to-499/article71337719.ece>

Tags: Bank of America, investment, Jio Credit, Jio Financial Services, joint venture, NBFC
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