Markets · 1 sources covering this

Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market

Bank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in India's booming retail loan sector. This collaboration merges Jio's innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory approvals will be required to finalize this impactful venture.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·7h ago
Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market
Bank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in India's booming retail loan sector. This collaboration merges Jio's innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory approvals will be required to finalize this impactful venture.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/7dfad70ebb60ac0cb6739128ec827425da46a93f"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market"></iframe>

Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market

How 1 sources are covering this

Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market

More from Markets

Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 14 August

Yen's slide to weekly loss prompts bets for another intervention

Gold retreats from two-month high after inflation-driven rally

Oil steadies after US threatens to blockade Iran indefinitely

Reader

Trust & legal

Across the network