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Jio Financial plans $1.9bn Bank of America partnership for Jio Credit

Jio Financial will sell up to 49.9% of NBFC subsidiary Jio Credit to Bank of America for Rs 18,268.2 crore, strengthening its lending capacity. The capital partnership supports Jio Credit’s secured-loan expansion and potential eventual entry into unsecured consumer credit.

Newer report , , CNBC-TV18 : Jio Financial targets 100 million customers within a year

  • Jio Platforms: ₹30,213 Cr IPO size
  • Nestle India: Sales +20.5% · Profit +36.3%

Reported figures

From the report. Source details below

  • Rs 11,252 crore Q1 FY27 loan disbursements
  • Rs 20,000 crore Airtel NBFC investment

Other figures

  • Initial 26.5% stake
  • Rs 6,612.9 crore
  • 7.6 crore warrants
  • Rs 30,667 crore AUM

The source

Source Read the source at Medianama Published

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AI use Written by AI from the cited report; not reviewed by a person before publishing.

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