# Bank of America invests $1.9 billion in Jio Credit for 49.9% stake 2026-08-13T22:50:05+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Bank of America will invest $1.9 billion to acquire up to 49.9% of Jio Credit, the lending arm of Jio Financial Services. The deal values Jio Credit at $3.8 billion. BofA will initially get a 26.5% equity stake through preferential allotment of shares and warrants, which can later rise to 49.9%. The transaction needs regulatory approval. Jio Credit had assets under management of Rs 30,667 crore as of June 30, 2026, with a mix of mortgages, loans against securities, and corporate and SME loans. Analysts say the partnership combines Jio's local digital reach with BofA's global expertise. The deal is rare for BofA, which offers retail banking only in the US. Industry experts expect this to revive foreign interest in Indian non-bank lenders, but some analysts note that tangible benefits for Jio will become clear only in the coming months. ## Coverage - economictimes.indiatimes.com - livemint.com Tags: Bank of America, investment, jio financial, NBFC, retail loans Canonical: https://indianopinion.org/bank-of-america-to-invest-1-9-billion-in-jio-financial-lending-arm/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bank-of-america-to-invest-1-9-billion-in-jio-financial-lending-arm/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.