The Economic Times

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

Jio Credit could grow its loan book fivefold to around 1.5 lakh crore after Bank of America infuses 18,268 crore for a near-50% stake. The capital is expected by December, after which the lender plans to reassess its products and strategy to accelerate growth.