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Bank of America Will Open Subsidiary in India Next Year.
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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October 14, 2003
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Copyright informationCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Sarah Jane Tribble, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News
Oct. 14--Bank of America will take its ongoing outsourcing programs one step further next year when it opens its own subsidiary in India next year.
The subsidiary will open by April 2004, but the bank has not named the unit or announced the number of employees who will be working there.
Bank of America declined to say in what city the company will locate the subsidiary, but told employees last week that India is a prime location in part because of the available well-trained work force.
Bank spokeswoman Mary Waller said the bank has not determined what work will be ...
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