A significant investment is expected to boost growth in a lending business. The amount of ₹18,268 crore will be provided by Bank of America. This capital infusion is subject to regulatory approvals, which are expected to be in place by the end of the year.

The entity's business strategies and product plans will be re-evaluated once the capital is received. The goal is to accelerate growth in assets under management.

Further details about the plans and expected outcomes are available from the source.