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Long read • Business

Jio Credit Secures $1.9B Investment From Bank of America

Bank of America signed a definitive agreement in August 2026 to invest roughly $1.9 billion (₹18,268 crore) to acquire up to a 49.9% stake in Jio Credit Limited, the non-bank lending subsidiary of Jio Financial Services Limited.

By Business desk
NRI HeraldAug 13
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Reported by NRI HeraldAug 15
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By the numbers

The diaspora in figures, this quarter.

Sourced from Census ACS, USCIS, Pew Research and our own newsroom data team.

5.4M
Indian Americans nationwide
+12% since 2020
$144K
Median household income
Highest of any group
1.1M
Awaiting green cards
EB-2 / EB-3 backlog
16
Sitting in Congress & state-wide office
Up from 4 a decade ago