Bank of America
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Bank of America has a strong presence in India, supporting global and local clients with corporate, investment, and treasury services. Operating since 1964, it has offices in Mumbai, Delhi, Bengaluru, and Chennai. The bank provides financing, risk management, trade solutions, and digital banking to Indian businesses, multinationals, and financial institutions. Its Global Capability Centers in India play a key role in technology and operations. Committed to sustainability and CSR, Bank of America supports education, healthcare, and women’s empowerment initiatives.
Incorporation Year: 1964
Headquarters: Mumbai, India
Top Management: Kaku Nakhate (President & Country Head)
Industry: BFSI
Website: business.bofa.com
Featured In Fortune India Ranking
Fortune 500 India
#351(2024)
#464(2023)
#480(2022)
#311(2021)
#269(2020)
#370(2019)
#384(2016)
#411(2015)
#397(2014)
#469(2013)
#491(2012)
#493(2011)
#498(2010)
#351(2024)#464(2023)#480(2022)#311(2021)#269(2020)#370(2019)#384(2016)#411(2015)#397(2014)#469(2013)#491(2012)#493(2011)#498(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
6,360
(INR Cr)
Net Operating Income
5,617
(INR Cr)
Assets
106,784
(INR Cr)
Profit
1,881
(INR Cr)
Net Worth
19,376
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6360 58.7% | 4008 33.4% | 3003 -18.1% | 3669 -22.2% | 4718 45.1% | 3251 22.5% | 2655 -4.6% | 2781 7.0% | 2600 12.8% | 2305 -2.7% | 2367 30.3% | 1817 12.1% | 1621 24.1% | 1306 23.1% | 1061 6.1% | 1000 - |
| Net Operating Income (INR Cr) | 5617 50.62% | 3729 60.33% | 2326 -11.28% | 2622 -28.10% | 3646 57.16% | 2320 17.25% | 1979 8.40% | 1825 -9.86% | 2025 25.49% | 1614 9.28% | 1477 10.59% | 1335 19.95% | 1113 53.47% | 725 27.55% | 569 -6.31% | 607 - |
| Profit (INR Cr) | 1881 62.2% | 1160 39.8% | 830 -32.4% | 1227 2.3% | 1200 39.9% | 858 16.8% | 734 2.6% | 716 0.8% | 710 19.4% | 594 -15.5% | 703 49.9% | 469 -10.7% | 525 24.3% | 423 20.6% | 350 4.0% | 337 - |
| Assets (INR Cr) | 106784 28.5% | 83121 33.4% | 62333 4.6% | 59616 -17.9% | 72618 34.3% | 54070 41.9% | 38099 9.3% | 34845 -1.4% | 35354 26.2% | 28024 4.1% | 26930 19.8% | 22473 38.9% | 16178 32.7% | 12192 -9.6% | 13481 36.9% | 9845 - |
| Net Worth (INR Cr) | 19376 10.8% | 17495 22.4% | 14291 6.2% | 13461 10.0% | 12234 10.9% | 11034 38.4% | 7974 10.1% | 7239 11.0% | 6524 12.2% | 5814 11.4% | 5219 15.6% | 4516 11.8% | 4041 15.0% | 3516 13.7% | 3093 12.8% | 2742 14.0% |
| Employee Cost (INR Cr) | 438 -6.9% | 471 16.1% | 405 11.4% | 364 1.1% | 360 3.5% | 348 3.6% | 336 -5.4% | 355 18.3% | 300 5.9% | 283 -9.0% | 312 28.0% | 243 16.0% | 210 -3.5% | 217 71.4% | 127 57.6% | 80 - |
| Interest Cost (INR Cr) | 1872 | 882 | 513 | 650 | 1658 | 931 | 772 | 711 | 800 | 646 | 599 | 573 | 424 | 198 | 186 | 152 |
| Cash & Bank Balance (INR Cr) | 8304 | 14598 | 14453 | 13050 | 11849 | 5445 | 4841 | 7634 | 2379 | 1376 | 723 | 1153 | 662 | 544 | 827 | 1352 |
| Total Debt (INR Cr) | 76137 | 53597 | 39199 | 36556 | 45530 | 35459 | 26621 | 20450 | 24491 | 18797 | 15219 | 13091 | 11279 | 7909 | 9859 | 6455 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 29.6% | 28.9% | 27.6% | 33.4% | 25.4% | 26.4% | 27.7% | 25.7% | 27.3% | 25.8% | 29.7% | 25.8% | 32.4% | 32.4% | 33.0% | 33.7% |
| Profit As % Of Assets | 1.8% | 1.4% | 1.3% | 2.1% | 1.7% | 1.6% | 1.9% | 2.1% | 2.0% | 2.1% | 2.6% | 2.1% | 3.3% | 3.5% | 2.6% | 3.4% |
| Profit As % Of Networth | 9.7% | 6.6% | 5.8% | 9.1% | 9.8% | 7.8% | 9.2% | 9.9% | 10.9% | 10.2% | 13.5% | 10.4% | 13.0% | 12.0% | 11.3% | 12.3% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 10.2% | 7.3% | 6.0% | 9.6% | 10.3% | 9.0% | 9.7% | 10.4% | 11.5% | 10.8% | 14.5% | 11.0% | 13.9% | 12.8% | 12.0% | 13.1% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |