Bank of America
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Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 6 stories, the newest dated 13 Sept 2026. Summary written 2 Oct 2026.
Bank of America is a bank pursuing Indian financial-services activity through a proposed investment in Jio Credit, a lending business of Jio Financial Services.
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The investment is intended to provide Jio Credit with growth capital and risk-management expertise for its consumer-lending strategy. [1] source: Financial Express[2] source: The Ken
In August 2026, Bank of America was reported as potentially investing up to ₹18,268 crore for up to 49.9% of Jio Credit. [3] source: Business Today In September 2026, Jio Credit expected the investment to close by December and linked it to a reset of its product roadmap and growth strategy, with distribution across up to 20 Indian cities. [4] source: The Hindu BusinessLine Jio Credit’s AUM was ₹30,000 crore, with a stated growth runway to ₹1.5 lakh crore. [4] source: The Hindu BusinessLine
In September 2026, Bank of America was preparing a Zelle-UPI bridge with Early Warning Services, with a pilot intended to let US customers and NRIs make payments to India through Zelle. [5] source: Business Today The pilot also covers US-India remittances and small-business payments as part of a 10-country rollout of cross-border real-time payment capabilities. [6] source: Business Standard A possible US rollout was planned by year-end. [5] source: Business Today
Sources
Questions about Bank of America
What is Bank of America's current strategy in India?
Bank of America’s India-facing moves include its proposed investment of up to ₹18,268 crore for up to 49.9% of Jio Credit in August 2026 and a Zelle-UPI payment pilot with Early Warning Services in September 2026. [3] source: Business Today[5] source: Business Today
Stories that mention Bank of America
3 stories
Bank of America is named in these stories but is not their subject.