VERIFIEDET Finance·13 Sept 2026positive

Jio Financial says BoFA's Rs 18k cr to come by Dec; Jio Credit's product plans, strategy to be redrawn

AI Summary

·Jio Credit's loan book could grow fivefold to approximately ₹1.5 lakh crore.
·Bank of America is expected to infuse ₹18,268 crore for a near-50% stake by December.
·Jio Credit plans to reassess its products and strategy post-infusion to accelerate growth.