Bank of America-Meryll Lynch is harboring ambitions of increasing its revenue from Indian operations by twice in the upcoming 3-4 years, said its head of Indian operations.

"Global environment continues to be worrisome, but India has a good chance compared with many other emerging markets," she said.

"There is an appetite for equity issues. On inflows, India will continue to be overweight." The Indian operations would be developing international business, along with mergers and acquisitions and fund raising, said Kaku Nakhate, the head of Indian operations of BofA-ML.