Jio Credit

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Jio Credit Eyes December Approval for Rs 18,268 Crore BoFA Deal, Plans to Redraw Product Strategy

Jio Credit expects regulatory clearance by December for its Rs 18,268 crore fund raise tied to Bank of America, a transaction that could materially reshape the company’s growth path. The capital infusion is set to trigger a review of product plans and business strategy, while also lifting assets under management, according to Jio Financial Services.

By RDU Global Wire5 min read

Banking, Fintech & Insurance7h ago

RBI Releases Fortnightly Money Supply Data for September 15 as Markets Watch Liquidity Signals

The Reserve Bank of India on Friday released its money supply data for the fortnight ended September 15, 2026, a routine but closely watched indicator of liquidity conditions in the financial system. The release, issued through the central bank's communications office, comes as investors, lenders and policymakers continue to track monetary trends for clues on credit demand, inflation pressures and broader economic momentum.

4 min readRead →

Banking, Fintech & Insurance8h ago

RBI Data Show Foreign Exchange Reserves Ease, Bank Credit Stays Firm as Deposits Rebound

The Reserve Bank of India's latest weekly statistical supplement shows a modest weekly decline in foreign exchange reserves, even as India's banking system continued to expand credit and deposits at a healthy pace. The figures point to a financial system still growing steadily, with reserve movements reflecting market valuation shifts and external asset changes rather than a sharp stress signal.

4 min readRead →

National Governance & Policy8h ago

India Issues Release Order for Rashesh Purohit in TV Vision Recovery Case

Indian enforcement authorities have issued a release order for Rashesh Purohit, identified as a defaulter in the recovery proceedings linked to TV Vision Limited under Certificate No. 7475 of 2023. The order, dated September 24, 2026, signals a procedural development in an ongoing enforcement matter that has drawn attention in India's corporate recovery and compliance landscape.

4 min readRead →

Banking, Fintech & Insurance7h ago

RBI Bulletin Flags India's 7.8% Growth Resilience Amid West Asia Shock, Inflation Pressures and Banking Funding Debate

The Reserve Bank of India's September 2026 Bulletin presents an economy that remains notably resilient despite renewed geopolitical tensions in West Asia, rising energy prices and volatile global markets. Alongside reporting 7.8% growth in the first quarter of 2026-27, the Bulletin argues that a higher credit-deposit ratio alone is not a reliable sign of banking stress and points to strong foreign exchange reserves, FDI inflows and narrowing trade deficits as key buffers.

8 min readRead →

National Governance & Policy8h ago

Recovery Certificate Against Rashesh Purohit Cancelled in TV Vision Limited Matter

India's enforcement authorities have cancelled Recovery Certificate No. 7449 of 2023, dated December 8, 2023, that had been issued against Rashesh Purohit, identified as a defaulter in the matter of TV Vision Limited. The cancellation, published on September 24, 2026, marks a significant procedural development in the long-running recovery proceedings tied to the company.

3 min readRead →

Banking, Fintech & Insurance55m ago

RBI Bulletin Says India's Economy Is Shielding Financial and External Sectors From Global Turbulence

India's financial and external sectors continue to benefit from a resilient domestic economy, even as geopolitical tensions, weather disruptions and firmer global bond yields weigh on the outlook, the Reserve Bank of India said in its latest bulletin. The central bank's assessment pointed to strong GDP growth, healthy foreign exchange reserves, steady credit momentum and moderate current account pressures, while warning that rising crude oil prices and food inflation could complicate the inflation path ahead.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Jio Credit:

New Delhi(1)Jio Financial Services(1)Bank of America(1)