Bank of America N.A. (India) has put in a successful bid for debt-ridden Jayaswal Neco Industries Limited (BSE:522285) through Assets Care & Reconstruction Enterprise (Acre), people aware of the development said. The lender is also understood to have reached out to the Reserve Bank of India (RBI) seeking easier norms for takeover of stressed assets by foreign banks. "Bank of America is interested in buying the asset, but given the existing regulations, they could not do it themselves. Their branch offices in India are too small to execute such a deal and they will have to do it through the parent entity. That is why they are talking to the RBI," a senior banker said. Emails sent to Bank of America (India) and the RBI remained unanswered till the time of going to press.