# Bank of America investment in Jio Credit

> Live situation record from CLSTR: https://clstr.news/situations/bank-of-america-investment-in-jio-credit
> Updated: 2026-08-15T00:36:23.000Z. Sources: 14. Developments: 2.

Bank of America has reached a definitive agreement to invest up to $1.9 billion in Jio Credit Limited, the non-banking financial subsidiary of Jio Financial Services. The deal involves a combination of preferential share allotments and warrants, which could increase Bank of America’s equity interest from an initial 26.5% to 49.9%. 

The partnership is intended to combine Bank of America’s global risk management and financial expertise with the digital infrastructure of Jio Financial Services in the Indian market. While the investment provides capital for Jio Credit’s expansion—which reported assets under management of approximately ₹30,667 crore as of June 30, 2026—officials stated the move is a “strategic financial investment” rather than a direct entry into retail lending by Bank of America. The transaction is currently awaiting regulatory and statutory approvals.

## Timeline

### 2026-08-15: Bank of America and JPMorgan identify growth potential in AI and healthcare

Bank of America and JPMorgan identify growth opportunities in AI-related stocks and the US healthcare sector, citing attractive valuations following recent market corrections and sector underperformance.

2 sources. https://clstr.news/cluster/bank-of-america-and-jpmorgan-identify-growth-potential-in-ai-and-healthcare

### 2026-08-12: Bank of America to invest $1.9 billion in Jio Credit

Bank of America will invest up to $1.9 billion in Jio Credit, acquiring an initial 26.5% stake that could reach 49.9%, to expand its presence in India’s digital lending market.

12 sources. https://clstr.news/cluster/jio-financial-services-expands-via-allianz-and-bank-of-america-deals

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Cite as: Bank of America investment in Jio Credit. CLSTR, https://clstr.news/situations/bank-of-america-investment-in-jio-credit