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Bank of America Invests $1.9 Billion for a 49.9% Stake in Jio Credit Limited.

Aug 14, 2026•about 15 hours ago

Contract Type

partnership

CharlotteFinancial ServicesFinanceLendingBanking

Description

Bank of America has entered into a joint venture agreement with Jio Financial Services to acquire a significant stake in Jio Credit Limited. This investment aims to leverage Jio's digital distribution capabilities alongside Bank of America's global banking experience.

Company Information

Company

Bank of America

Location

Charlotte, North Carolina, United States

About

Bank of America Corporation is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina. The company provides a wide range of banking and financial services to individuals, small businesses, and large corporations.

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