Bank of America

Foreign Bank Sector

“What Would You Like the Power to Do?”

Bank of America India, a subsidiary of Bank of America Corporation — one of the world's largest financial institutions and the second-largest bank in the United States — operates in India as a Schedule Commercial Bank providing wholesale banking services to large Indian and multinational corporations, financial institutions, and government entities. Bank of America has been in India for several decades and maintains a significant presence in Mumbai, the country's financial capital. Bank of America India's service portfolio spans corporate banking, investment banking, trade finance, foreign exchange, fixed income, global transaction services, and capital markets. The bank is a major provider of US dollar liquidity and trade financing to Indian exporters and importers, leveraging its deep relationships with US corporates and financial institutions. Bank of America's global investment banking franchise is active in India's capital markets, participating in equity and debt issuances, M&A advisory, and leveraged finance. The bank's Global Transaction Services division provides cash management and payment solutions to large Indian multinational corporations operating across the US and internationally. Bank of America does not operate a retail banking business in India. RBI regulated and operating to its globally acclaimed risk management standards, Bank of America India brings American banking excellence, deep US dollar capabilities, and world-class institutional banking expertise to India's corporate financial landscape.