The headquarters of Bank of America in India are situated in Mumbai. In addition, it has five branch offices throughout New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru (Bangalore). The bank has been operating in the country for almost fifty years. With a significant and longstanding existence in the country, the bank offers dedicated banking and financial services to its customers in India. The bank features a commendable background and is one of the market leaders in the financial markets of the country.
BOA has created a place for itself as a prominent international financial services provider. It supplies innovative products and solutions to the customers. Customers can access the services of the bank from any place in the world and the bank has a powerful focus on developing lasting association with its customers. The India-oriented operations of Bank of America are supported by the product experts and coverage analysts. They function jointly to channelize the international effectiveness of the bank to fulfill the all-inclusive requirements of the customer, which include but not limited to treasury management, working capital necessities, capital financing, trade finance and solutions, foreign exchange, risk management, and fixed income investments.
Recently, Merrill Lynch and Bank of America N.A. were merged. This large-scale merger has assisted in offering the customers an extra and improved range of products and solutions via DSP Merrill Lynch, a leading security, investment banking, and wealth management Company. The services provider offers a distinctive combination of worldwide accessibility and regional skill sharing for more than a century of blended India knowledge. DSP Merrill Lynch is an associate company of Merrill Lynch and Company, a division of Bank ofAmerica Corporation.
Who are the leading competitors of Bank of America?
The major competitors of the bank are listed below:
- Wells Fargo
- Citigroup
- JP Morgan Chase
Products and services of Bank of America
The varied range of products and services offered by Bank of America includes the following:
Treasury Management
- Global wire platform
- Check 21-banknotes
- Bankers acceptances
- Collections
- Letters of credit/private label letters of credit
- Vendor financing
- International trade services
- Open account solutions
- Automated reporting via eBanking platforms
- Local currency collections and payments
- Liquidity management
- Receivables management/concentration services
- Global settlement/International payments
- Multi-currency account services
- Advisory services
- Comprehensive relationship management
- Credit products
- Corporate finance solutions
- Notes and commercial paper
- Asset securitization
- Syndicated loans
- Debt capital markets (HG/HY)
- Private placements
- Credit derivatives
- Structured products fixed with currencies, rates, commodities or credits
- Foreign exchange
- Interest rate derivatives
1) Quantitative equity solutions
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3) Liquidity solutions
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Contact Details of Bank of America
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Last Updated on : 08 August 2011
