Jio Financial stock jumps 3% following ₹18,268 crore agreement with BofA
Shares of Jio Financial Services saw a rise of almost 3% following an agreement where Bank of America will invest as much as ₹18,268 crore for a 49.9% stake in Jio Credit. This partnership merges Jio’s extensive digital network with the international financial experience of BofA. With an AUM of ₹30,667 crore recorded in June 2026, Jio Credit is set to receive a major capital boost to grow its lending operations.
by shortkt.com✓