BANK OF AMERICA IN TALKS TO ACQUIRE UP TO 49.9% STAKE IN JIO CREDIT FOR $1.9B

Bank of America is reportedly in advanced discussions to purchase a stake of up to 49.9% in Jio Credit for approximately $1.9 billion. The potential investment would value the digital lending platform, a joint venture between Reliance Industries and Jio Financial Services, at around $3.8 billion. This move signals significant interest from global financial institutions in India's rapidly growing digital finance sector.