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Bank of America India Operations |
Bank of America India Operations got boost from new investments and outsourcing plans. As India has the potential market throughout the globe, so many new investment plans have been designed with huge capital influx. For this, back office operations, IT and other work has been outsourced to India. Bank of America India operations started in Hyderabad and then its BPO operations have been reached further to Mumbai. Now it is the turn of Gurgaon to welcome the BofA operations.
Bank of America Operations in India
In Gurgaon the collection of credit card, transaction processing and commercial and retail banking will be handled through BPOs. Bank of America in India operations are expanding through Bank of America Corp. that has recently has opened a fully owned subsidiary, The BA Continuum Solutions Pvt. Ltd., in its branch location of Hyderabad. Here in this, Bank of America India Hyderabad branch, the back office operations will be done. Bank of America has the Global Delivery Center of Expertise that handles all the activities related to outsourcing.
The Continuum Solutions is a section of this Global Delivery Center. BofA from its main branch in North Carolina has announced that this Indian Subsidiary will grow to about 1000 employees in the coming years. With this subsidiary in Hyderabad, the bank will grow not only in US but also throughout the globe. Along with back operations outsourcing to India, earlier many software development work has also been outsourced to different IT companies. Another subsidiary is Banc of America Securities Pvt Ltd, where capital market activities and fixed income are dealt with. With this Bank of America in India is growing very swiftly and covering major cities for its work.
BA Continuum India
The non-bank subsidiaries of BoA operating in India are generally referred to as BA Continuum, which provides solutions to the various requirements of the bank in areas like Business Processing, Information Technology and Knowledge Services. The outsourcing services provided by BA Continuum are a cost effective solution for complementing the various global business requirements of Bank of America, such as Global Card Services, Consumer and Small Business Banking, Global Banking and Wealth Management and Bank of America Home Loans.
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BA Continuum helps Bank of America cater to a very large group of worldwide customers by making available a pool of talented professionals who are expert in their specialized line of work. The sphere of operations include Accounts Management, Loan Processing, Transaction Processing, Collection & Customer Service, Analytics & Reporting, Payments & Settlements, Corporate Banking, Investment Banking, Enterprise Technology & Delivery, Quantitative Analysis, Financial Analysis, Research, Risk Management, Information Assurance, Global Risks and Global Markets.
Bank of America Offices in India
Here are some of the major locations for Bank of America Operations in India.
Mumbai
4th Floor, Logitech Park,
Tower I, Phase II
Andheri Kurla Road, Sakinaka,
Mumbai - 400 072
9th Floor, 'A' Wing, Paradigm,
Mindspace, Malad (W),
Mumbai - 400 064
Hyderabad
1st Floor, Building No. 5,
Mind Space, Raheja IT Park,
HITECH City, Madhapur,
Hyderabad - 500 081
5th Floor, 2B Maximus Towers,
Mindspace, Raheja IT Park,
HITECH City, Madhapur,
Hyderabad - 500 081
Gurgaon
4th floor, Tower B,
Infinity Tower
Sector 25, DLF Phase II,
Gurgaon - 122002
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