• Bank of America signed a definitive joint venture agreement with Jio Financial Services to buy up to 49.9% of Jio Credit.
• Stake to be acquired via preferential allotment of equity shares and warrants in Jio Financial’s wholly owned NBFC lending unit.
• Jio Credit had ₹ 30,667 crore in AUM as of June 30, 2026, about $ 3.2 billion USD.
• Board to have equal representation from both partners; Jio Credit to remain consolidated in Jio Financial’s reporting.

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