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ING Vysya Bank News

Kotak Mahindra Bank

28 May 2015

FIPB to consider Kotak Bank's FDI proposal today

Inter-ministerial body FIPB will on Thursday take up Kotak Mahindra Bank's proposal for raising foreign investment limit in the bank to 55 percent, along with 47 other FDI applications.

Kotak Mahindra Bank

21 Apr 2015

Kotak Bank seeks FIPB nod to hike foreign holding to 55%

Private sector Kotak Mahindra Bank is seeking FIPB approval to hike foreign investment in the entity to 55 percent as the RBI has restricted more investments after they hit the permissible threshold.

09 Apr 2015

BSE to drop ING Vysya Bank from BSE 200, BSE 500 indices

Leading stock exchange BSE Thursday said it will drop ING Vysya Bank from BSE 200 and BSE 500 indices from April 16.

05 Apr 2015

Post-merger, Kotak Bank sharpens focus on large corporates

The Rs 15,000-crore merger, effective April 1, will make KMB the fourth largest private sector bank in the country.

01 Apr 2015

ING Vysya Bank becomes Kotak Mahindra Bank; RBI okays merger

While the combined entity coming into existence, the complete amalgamation of operations and staff integration will happen over the course of one year.

Kotak Mahindra Bank

01 Apr 2015

Kotak Mahindra, ING Vysya edge higher as merger gets RBI nod

Shares of Kotak Mahindra Bank and ING Vysya Bank edged higher Wednesday as the Reserve Bank approved the merger deal between the two companies.

23 Feb 2015

Foreign investors need RBI nod to buy more shares in ING Bank

Reserve Bank Monday said foreign investors would be required to obtain its prior approval for buying further shares in ING Vysya Bank, as foreign shareholding in the bank has reached the trigger limit.

21 Jan 2015

ING Vysya net slips 13% on low fee income, pension provisions

The merger-bound ING Vysya Bank Wednesday reported a 13 percent decline in net profit at Rs 145.7 crore for the October-December quarter due to sluggish non-interest income, and a spike in provisions.

13 Jan 2015

Warhol sells 3.63% stake in ING Vysya Bank

ING Vysya Bank shareholder Warhol Ltd on Tuesday sold its 3.63 percent stake in the private sector lender for an estimated Rs 674 crore.

08 Jan 2015

Kotak-ING Vysya merger gets shareholders' approval

The approval came amidst protest from ING Vysya Bank employees.

07 Jan 2015

ING Vysya employees protest over merger with Kotak

Employees unions of ING Vysya Bank today staged a protest here with demands for 'job security' in the wake of its merger with Kotak Mahindra Bank.

05 Jan 2015

ING Vysya merger secures employees, boosts growth: Kotak Bank

As it moves ahead with the ING Vysya Bank deal, Kotak Mahindra Bank on Monday said the merger secures all employees and would create growth opportunities for various stakeholders including the staff members.

05 Jan 2015

ING Vysya merger secures employees, boosts growth: Kotak Bank

As it moves ahead with the ING Vysya Bank deal, Kotak Mahindra Bank on Monday said the merger secures all employees and would create growth opportunities for various stakeholders including the staff members.

28 Dec 2014

ING Bank staff demand job safety post merger, to strike on Jan7

Employee unions of ING Vysya Bank on Sunday demanded safeguarding of their interests post-merger with Kotak Bank and threatened to go on strike on January 7.

Kotak Mahindra Bank

25 Nov 2014

Kotak Group enters general insurance space

Private-sector lender Kotak Mahindra Bank Tuesday announced its entry into the highly fragmented general insurance space, a week after buying out ING Vysya in one of the biggest deals in the country's banking space.

24 Nov 2014

SEBI seeks trade data for ING Vysya shares prior to Kotak deal

Markets watchdog SEBI has sought details from stock exchanges about trades in shares of ING Vysya Bank that were conducted prior to the announcement of ts Rs 15,000-crore merger with Kotak Mahindra Bank last week.

Kotak Mahindra Bank

24 Nov 2014

Uday Kotak expects major global cooperation boost from ING deal

Having sealed a deal to merge ING Vysya Bank with Kotak Mahindra Bank, eminent banker Uday Kotak has said that the merger presents a significant opportunity for international cooperation with Dutch giant ING Group.

Kotak Mahindra Bank

23 Nov 2014

ING Vysya deal precursor to 'Achche Din': Uday Kotak

Taking a leaf out of Prime Minister Narendra Modi's poll campaign, eminent banker Uday Kotak said that the Rs 15,000-crore merger between Kotak Mahindra Bank and ING Vysya Bank is a precursor to 'Achche Din' and would create a world-class financial institution of size and scale.

Kotak Mahindra Bank

21 Nov 2014

Kotak-ING Vysya deal: CCI will look at combined mkt share

The Competition Commission will look at the overall market share and size of the combined entity in the case of ING Vysya Bank's merger with Kotak Mahindra Bank when the proposal comes before the regulator for its approval.

Kotak Mahindra Bank

21 Nov 2014

No drastic job cuts post KMB-ING Vysya merger: Uday Kotak

Kotak Mahindra Bank chief Uday Kotak has assured that there will not be "any dramatic" reduction immediately in the number of employees following the merger of ING Vysya Bank.

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