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What happened to ING Vysya?

What happened to ING Vysya?

On 20 November 2014, in an all-stock amalgamation, ING Vysya Bank decided to merge with Kotak Mahindra Bank, creating the fourth largest private sector bank in India. On 1 April 2015, the Reserve Bank of India approved the merger. On 15 May 2016 the whole merger process was completed.

Is ING Bank available in India?

ING Bank converted our representative office in India into a full-service branch in 1994. In 2002, ING merged with Vysya Bank to become ING Vysya. In 2015, ING obtained a stake in Kotak Mahindra Bank (Kotak) through the merger of ING Vysya Bank and Kotak.

Who is the CEO of ING Vysya Bank?

Shailendra Bhandari
Shailendra Bhandari is new MD, CEO of ING Vysya Bank.

Who bought ING Vysya?

Kotak Mahindra Bank
The merger between ING Vysya Bank (Vysya) and Kotak Mahindra Bank (Kotak) has today been completed. The combined entity has a strengthened position as one of India’s leading privately held banks, with a wider geographical spread and enhanced expertise across customer segments and product categories.

Is ING Vysya Bank merged with Kotak Mahindra?

Upon obtaining all approvals, when the merger becomes effective, ING Vysya will merge with Kotak. Shareholders of ING Vysya will receive shares of Kotak in exchange of shares in ING Vysya at the approved share exchange (“swap”) ratio.

What is the full form of ING?

ING is an abbreviation for Internationale Nederlanden Groep ( lit. ‘International Netherlands Group’).

What does ING stand for bank?

the Internationale Nederlanden Groep
ING – the Internationale Nederlanden Groep – was created in 1991 with the merger of Dutch insurer Nationale-Nederlanden and national postal bank NMB Postbank.

Is ING a good bank?

ING is considered an extremely strong bank, with excellent security and safety protocols. Globally, ING Bank has nearly 60,000 staff members and over 40 million customers over 40 different countries – with assets in excess of USD $1 Trillion.

How do you spell Vyasa?

Vyasa is a central and revered figure in most Hindu traditions. He is also sometimes called Veda Vyasa, or Krishna Dvaipayana. He is the author of the Mahabharata, as well as a character in it.