#jio-credit
Jio Financial says BoFA's ₹18,268 cr to come by Dec; Jio Credit's product plans, strategy to be redrawn
The ₹18,268 crore infusion for a stake of a little less than 50% will come in by December once all regulatory approvals from the RBI and the Competition Commission of India are in place
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 grow…