Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to 49.9% in Jio Credit Limited

Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to…

Bank of America acquires 49.9% of Jio Credit Limited, India's fastest-growing NBFC ($3.2B AUM), for $1.9B. The bet reflects how global incumbents are pivoting toward digital-first lending via local partnerships in high-growth emerging markets.