Topic
bank-of-america
Finance Bank of America to Invest Rs 18,268 Crore for 49.9% Jio Credit Stake
Bank of America will acquire an initial 26.5% stake in Jio Credit, potentially rising to 49.9% through a Rs 18,268 crore ($1.9 billion) investment. The deal values Jio Credit at Rs 36,600 crore post-investment and will give the NBFC access to BofA's financial services expertise. Jio Credit reported AUM of Rs 30,667 crore as of June 30, 2026.
Business India's Investment Appeal Strong Amid Volatility: BofA Chief
Bank of America's India CEO, Vikram Sahu, emphasizes the enduring interest in India from strategic investors despite current market volatility. He notes that while foreign institutional investor participation is low, the fundamentals remain strong, with potential growth in manufacturing.
Finance Foreign Investment Dip: A Self-Correcting Cycle, Says BofA's Sahu
Bank of America's Vikram Sahu highlights the cyclical nature of foreign investment dips in India. Despite short-term challenges, he remains optimistic about long-term growth due to policy resilience and improved business conditions.