Jio Financial says BoFA's ₹18k cr to come by Dec; Jio Credit's product plans, strategy to be redrawn

Jio Credit to receive ₹18,268 crore from Bank of America by December, pending regulatory approvals.

Capital infusion to re-evaluate business strategies and product plans, accelerating growth in assets under management.

Jio Credit's assets under management can grow five times to ₹1.5 lakh crore without needing new capital.

Jio Financial Services to benefit from partnership with Bank of America through better risk management and institutional resilience.