{
  "id": 714400,
  "title": "Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit",
  "url": "https://urgent.news/2026/08/12/bank-of-america-invests-around-rs-18-268-crore-for-49-9-stake-in-jio",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-12T16:53:10.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/bank-of-america-invests-rs-18268-crore-in-jio-financial-services-jio-credit/articleshow/133195339.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of the lending subsidiary. The transaction will provide substantial capital for Jio Credit's expansion plans. It will combine Jio's digital network with Bank of America's financial expertise. This partnership seeks to enhance credit access for all Indians.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Bank of America is deploying $250 billion to finance U.S. data centers and energy infrastructure",
        "url": "https://urgent.news/2026/08/12/bank-of-america-is-deploying-250-billion-to-finance-u-s-data-centers",
        "published": "2026-08-12T13:50:33.000Z"
      },
      {
        "outlet": "Banking Dive",
        "title": "Bank of America pledges $250B toward US infrastructure update",
        "url": "https://urgent.news/2026/08/12/bank-of-america-pledges-250b-toward-us-infrastructure-update",
        "published": "2026-08-12T16:27:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}