Bank of India, New York Branch

Bank of India, New York Branch provides personal and commercial banking services. It offers checking accounts, certificates of deposit, and letters of credit; and various services that include advising and adding confirmation to LCs, opening of LCs, negotiating drafts drawn under Indian banks' LCs, discounting drafts drawn under Indian banks' DA LCs, issuing guarantees through branches in India, guidance on documentation for LCs, and advisory services. The company also provides guarantees, letters of credit, supplier's credit, forward cover, advisory services for hedging exchange rate and interest rate risks, trade information reports, bankers' opinion reports on buyers and sellers, industry status reports and prospects, etc. In addition, it offers foreign exchange services for clients those who want to buy and sell Indian rupees. Further, the company provides remittance facilities through demand drafts, ordinary and express mail transfers, and wire transfers. The company was founded in 1978 and is based in New York City, New York. It has branches and representative offices in India, New York, California, London, Tokyo, Singapore, Hong Kong, Paris, Antwerp, and China. Bank of India, New York Branch operates as a subsidiary of Bank of India.