Tag: Jio Financial Services
BANKING & FINANCE Bank Of America To Invest ₹18,268 Cr For 49.9% Equity Stake In Jio Credit

Bank of America Corp (BofA) has agreed to invest ₹18,268 crore in Jio Credit Ltd (JCL), a wholly owned subsidiary of Jio Financial Services Ltd (JFSL), to acquire up to 49.9% stake in the company. The investment will be through a preferential allotment of equity shares and warrants. BofA will initially acquire a 26.5% equity […]

CW Bureau · Aug 13, 2026
BANKING & FINANCE Allianz Jio Re Commences Operations In India, Offers Robust Risk Solutions

Jio Financial Services Ltd (JFSL) and Allianz Group (Allianz) through its wholly-owned subsidiary Allianz Europe B.V,  have announced that their reinsurance JV Allianz Jio Reinsurance Ltd (Allianz Jio Re), has commenced operations and is authorised to underwrite reinsurance in India with immediate effect. Regulatory Approval Secured from IRDAI Allianz Jio Re received final regulatory approval […]

CW Bureau · Mar 26, 2026