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

Non-bank lender Jio Credit will get the capital of ₹18,268 crore from Bank of America (BoFA) by December this year once all the regulatory approvals for the infusion are in place, a top official at parent Jio Financial Services (JFS) has said.Once the capital comes in, the entity will re-evaluate i…