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		Bank of America
				Bank of America N.A (BoA) 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 head office in Mumbai, with five branch offices across Mumbai, New Delhi, Kolkata, Chennai, and Bangaluru. With an India presence for nearly five decades, Bank of America is committed to it's 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.
		Bank of America India Head Office Express Tower Ground, First and 16th Floor Nariman Point Mumbai, Maharashtra 400 021 Tel:  +91 22 6632 3000 Fax: +91 22 2287 0981 Website: www.bankofamerica.com/india Banking Hours‎: Mon - Fri : 9.30am - 5.00pm‎ Swift Code : BOFAIN4X
Foreign banks like Bank of America N.A have brought latest technology and latest banking practices in India. They have helped made Indian Banking system more competitive and efficient. Government has come up with a road map for expansion of foreign banks in India. The road map has two phases. During the first phase between March 2005 and March 2009, foreign banks may establish a presence by way of setting up a wholly owned subsidiary (WOS) or conversion of existing branches into a WOS. The second phase commenced on April 2009 after a review of the experience gained after due consultation with all the stake holders in the banking sector. The review has examined issues concerning extension of national treatment to WOS, dilution of stake and permitting mergers/acquisitions of any private sector banks in India by a foreign bank.
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