What to know

• Jio Credit is betting on digital innovation and fresh capital to transform credit delivery across IndiaS1
• Bank of America will acquire up to 49.9% of Jio Financial Services' Jio Credit Limited for up to ₹18,268 crore. The investment includes a 26.5% initial equity stake, subject to regulatory approvals, and aims to enhance BofA's participation in India's growing m...S2
• The deal will create a strategic joint venture between BofA and Jio Financial Services, strengthening the lending subsidiary's capital base.S3