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Old January 2nd, 2017, 10:16 AM
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Join Date: Dec 2012
Default Re: Bank of America Operations In India

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

As you asking I am telling Bank of America operates through its branches in India. Bank of America commenced operations in India through its Mumbai branch in 1964. Bank of America offers a comprehensive suite of financial products and solutions to top Indian Corporates, Multinationals, Multilateral agencies & Foreign Government entities and Financial Institutions.

Bank of America has its India headquarters in Mumbai, with five branch offices across Mumbai, New Delhi, Chennai, and Bengaluru. With an India presence for over five decades, Bank of America is committed to its clients in India and has a well established track record and market expertise in Indian financial markets.

Bank profile
Type Public
Traded as NYSE: BAC
S&P 100 Component
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 112 years ago (as Bank of Italy)
February 1930; 86 years ago (as Bank of America)
1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, United States
Area served Worldwide
Key people Brian T. Moynihan
Chairman & CEO
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$82.50 billion (2015)
Operating income US$21.89 billion (2015)
Net income US$15.89 billion (2015)
Total assets US$2.185 trillion (2016)
Total equity US$256.2 billion (2015)
Number of employees 210,516 (2016)
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
U.S. Trust
Capital ratio 10.2% (2015)
Rating Long Term Senior
Moody's: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)
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