HDFC Bank is now more valuable than major European peers

HDFC Bank is now more valuable than major European peers

Beating major European peers, HDFC Bank has gone ahead to become highly valuable lending institution only behind five European banks with worth more than $45 billion (RS 3.012 lakh crore). 

Jul 13, 2016, 09:02 AM IST

ING posts rising profits thanks to sale of Indian unit

Top Dutch bank ING posted a rise in second quarter net profits but the increase was due to the sale of an Indian unit, leaving its shares sliding in morning trading.

Aug 05, 2015, 16:02 PM IST

Dutch ING selling majority stake in NN Group

Top Dutch bank ING announced Tuesday it was selling 45 million ordinary shares in NN Group, thereby relinquishing its majority stake in the giant insurer.

May 26, 2015, 23:30 PM IST

Dutch bank ING to pay first dividend in seven years

ING Group on Wednesday posted results that missed analysts` expectations for fourth quarter pretax profit due to one-off charges but said it will resume paying a dividend in 2015, the first time in seven years.

Feb 11, 2015, 17:14 PM IST

Dutch ING declares first dividend since 2008 crisis

Leading Dutch bank ING said Wednesday it planned paying a dividend for the first time since getting a state bailout in 2008, despite posting a 64 percent drop in net profit for 2014.

Feb 11, 2015, 14:50 PM IST

Dutch bank ING says to slash 1,700 jobs

Leading Dutch bank ING on Tuesday announced it will slash 1,700 local jobs over the next three years, as it upgraded its automated online banking services.

Nov 25, 2014, 14:07 PM IST

ING says to pay off bail-out loan ahead of time

The Amsterdam-based ING posted 928 million euros ($1.16 billion) in third-quarter net profit, up from 128 million euros over the same period last year, a statement said.

Nov 05, 2014, 16:57 PM IST

Birla Sun Life-ING deal gets Competition Commission approval

Fair trade watchdog CCI has cleared the proposed deal between Birla Sun Life entities and ING in the mutual funds space, saying the transaction was unlikely to have an adverse impact on competition.

Jul 15, 2014, 22:29 PM IST

ING exits life insurance business in India

The Netherlands-based ING on Wednesday said it will exit ING Vysya Life Insurance Company by selling its 26 percent stake to domestic partner Exide Industries, the second foreign insurer withdrawing from India this fiscal.

Jan 23, 2013, 23:50 PM IST

Economy to grow at 7.7% in 2012-16: ING

The country's economy is likely to grow by an average of 7.7 percent during 2012-16, a report by leading financial services firm ING said on Wednesday.

Nov 28, 2012, 16:19 PM IST

ING to sell Asia insurance JVs separately

ING has insurance joint ventures in China, India and Korea. In India,its partner is Vysya Life Insurance.

Feb 23, 2012, 14:25 PM IST

ING to repay 5 bn euros it owes to Dutch govt this month

Dutch conglomerate ING
on Friday said it will repay five billion euros this month, half
the amount it had received from the state government at the
peak of financial turmoil last year.

Dec 11, 2009, 22:25 PM IST

ING to repay $7.35 bn bailout money

ING will repay 5 billion euros (USD 7.35 billion) in state support on December 21, confirming its announced plans and raising hopes it can secure better terms on the remainder of its government aid.

Dec 11, 2009, 15:36 PM IST

ING announces terms for 7.5 bn euro rights issue

Dutch bank and insurance group ING announced on Friday it would issue 1.7 billion new shares at 4.24 euros (6.3 dollars) apiece to raise 7.5 billion euros to pay back government emergency funding.

Nov 27, 2009, 14:34 PM IST

ING Q3 net profit stood at 499 mn euros

Dutch financial services firm ING has reported 499mn euros profit for Q3, helped by strong performance in banking and insurance business.

Nov 11, 2009, 18:52 PM IST

DBS drops out of race for ING private bank: Report

DBS Group, Southeast Asia`s biggest lender, has pulled out of the race to buy ING`s private banking unit in Asia, as it did not want to pay a premium for the business, a source with knowledge of the deal said.

Oct 13, 2009, 13:10 PM IST

ING to sell Swiss pvt banking biz for 344 mn euros

Dutch financial services
major ING Group on Wednesday said it will sell its Swiss private
banking business to Switzerland-based Julius Baer for 344
million euros.

Oct 07, 2009, 15:43 PM IST

ING to sell Australia, NZ jv to ANZ for $1.6 bn

ING said it will sell its 51 percent stakes in ING Australia and ING New Zealand to joint venture partner ANZ for USD 1.6 billion in cash as part of its global restructuring.

Sep 25, 2009, 09:19 AM IST

ING back in the black; reports 71 mn euros Q2 profit

Dutch financial
services major ING Groep N V has posted a second-quarter
profit of 71 million euros, bolstered by higher interest
income and recovery in stock markets.

Aug 12, 2009, 18:28 PM IST

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