Bank of America Buys Up to 49.9% of India's Jio Credit for $1.9B
Finextra·medium signal
BofA struck a $1.9 billion deal for up to a 49.9% stake in Jio Credit, Reliance's digital-native non-bank lender. It is one of the largest US-bank positions in an Indian digital lending platform to date, and the 49.9% ceiling keeps it just under the control threshold — a structure that recurs in cross-border fintech deals.