Bank of America N.A. (Bank of America) is incorporated in the USA, and operates through its branches in India. It 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.
The bank has its India headquarters in Mumbai, with four 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.
The bank has carved a niche for itself as a leading global financial firm, one which delivers insightful solutions to clients combined with an extended global reach and a strong emphasis on building long term relationships. The bank's India-based coverage specialists and product professionals work together to leverage Bank of America's global strength to meet clients' comprehensive needs including working capital needs, treasury management, trade finance & solutions, capital raising, risk management, forex and fixed income.
The global merger of Merrill Lynch with a subsidiary of Bank of America Corporation additionally brings to our clients an enhanced product suite of services through DSP Merrill Lynch, a pre-eminent investment banking and securities firm. The group brings a unique blend of global reach and local expertise sharing over 100 years of combined India experience. DSP Merrill Lynch is an affiliate of Merrill Lynch & Co., a subsidiary of Bank of America Corporation.
For more information, please visit our DSP Merrill Lynch website.
Basel Disclosures – Financial Year 2013-2014
Base rate with effect from March 23, 2016: 9.10% p.a
Marginal Cost of Funds Based Lending Rate – Effective July 7th, 2017