Bank of America

Bank of America, also known as Bank of America N.A., is registered in the United States of America. The international bank runs its business with its branches located in different cities of India.

In 1964, Bank of America started its business in India by opening its Mumbai branch. The global banking services provider comes with an all-inclusive portfolio of financial products and services. The products and services of the bank have been devised by keeping in mind the requirements of the multinationals, corporate houses, overseas government entities, conglomerates, multilateral agencies, and financial services providers in India.

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
Corporate Investment Banking
  • Advisory services
  • Comprehensive relationship management
  • Credit products
  • Corporate finance solutions
Debt Capital Raising
  • Notes and commercial paper
  • Asset securitization
  • Syndicated loans
  • Debt capital markets (HG/HY)
  • Private placements
Risk Management
  • Credit derivatives
  • Structured products fixed with currencies, rates, commodities or credits
  • Foreign exchange
  • Interest rate derivatives
Investment Management

1) Quantitative equity solutions
  • Asset allocation
  • Enhanced
  • Passive
2) Fundamental equity solutions
  • International
  • Growth
  • Income
  • Value
  • Core
3) Liquidity solutions
  • Global strategies
  • Customized accounts and funds
4) Fixed income solutions
  • Custom solutions on the basis of type of client
  • Diversified solutions
  • Sector-focused solutions

Contact Details of Bank of America

  • Mumbai
    Country Office
    Empress Towers
    Nariman Point
    Mumbai, Bombay 400-021, India
    Tel: +91.22.6632.3000
    Fax: +91.22.2287.0981

  • Bengaluru
    5th Floor, B Wing
    Salarpuria Windsor
    No.3, Ulsoor Road
    Bangaluru (Bangalore), Karnataka 560 042
    Tel: +91.80.6648.4300
    Fax: +91.80.6648.4301

  • Kolkata
    JK Millennium Centre
    Block B, 46 D, Jawaharlal Nehru Road
    Kolkata, West Bengal 700 071
    Tel: +91.33.22883388
    Fax: +91.33.22884488
  • Chennai
    748, Anna Salai
    Chennai, Tamil Nadu 600 002
    Tel: +91.44.28523856
    Fax: +91.44.28522550

  • New Delhi
    1st and 2nd Floor, DLF Centre
    Sansad Marg
    New Delhi 110 001
    Tel: +91.11.23715565
    Fax: +91.11.23714042

Last Updated on : 08 August 2011