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#1
May 15th, 2015, 04:59 PM
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| ING Vysya Bank Take Over
I heard that ING Vysya Bk becomes Kotak Mahindra Bank. Is it is true that ING Vysya Bk becomes Kotak Mahindra Bank? Why the ING Vysya Bank Take Over by the Kotak Mahindra Bank? Also provide me its shares rates?
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#2
February 18th, 2017, 01:05 PM
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| Re: ING Vysya Bank Take Over
I want to know the take over of ING Vysya Bank so will you tell me? Also provide me the other details regarding the bank?
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#3
February 18th, 2017, 01:06 PM
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| Re: ING Vysya Bank Take Over
On 20 November 2014, 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 15th May 2016 the whole merger process was completed ING Vysya had been ranked the "Safest Banker" by the New Indian Express and among "Top 5 Most Trusted Private Sector Banks" by the Economic Times ING Group, the highest-ranking institutional shareholder, held a 44% equity stake in ING Vysya Bank, followed by Aberdeen Asset Management, private equity firm ChrysCapital, Morgan Stanley, and Citigroup, respectively Personal Banking: Some of the well known services offered in the segment of personal banking are: Mutual Funds Tax Savings Bonds Savings Account NRI Services Credit & Debit Card Internet Banking Phone Banking Mobile Banking Self Banking Term deposits Demat accounting Wealth management Debit and credit card accounting Payment services Wealth Management services: Long and term loans in the agro based sector SME- Power Business account and loans Financial market analysis Market trading Asset liability management services Financial market sales Cash management services Corporate and investment banking services Off shore borrowing services Trade and community finance services |
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