| January 31st, 2020 08:44 PM | |
| Anuj Bhola | Kotak Mahindra Bank Ing Vysya I have come to collect info of Kotak Mahindra Bank Ing Vysya merger, so would you plz tell me about the same , as I am asking for my banking GK for preparation for competition exam ?? Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. Reserve Bank of India (RBI) gave the licence to Kotak Mahindra Finance Ltd in February 2003, Kotak Mahindra Bank Ing Vysya merger Kotak Bank acquired ING Vysya Bank in 2014, in a deal valued at Rs 15,000 crore (US$2.3 billion). With the merger, total employment jumped to almost 40,000, and the count of branches reached 1261. After the merger, ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank. Bank profile: Type Public Traded as BSE: 500247 NSE: KOTAKBANK Industry Banking, financial service Founded 1985 (as Kotak Mahindra Finance Ltd) Headquarters Mumbai, India Key people Uday Kotak (founder & Executive Vice Chairman & MD) Dipak Gupta (Joint MD) Jaimin Bhatt (President & Group CFO) Shanti Ekambaram (President - Consumer Banking) KVS Manian (President - Corporate, Investment & Institutional Banking) Mohan Shenoi (Chief Operating Officer) Gaurang Shah (President - Asset Management, Insurance and International Business) D Kannan (Group Head - Commercial Banking) Arvind Kathpalia (President & Group Chief Risk Officer) Products Deposit accounts, loans, investment services Revenue 27,974.52 crore (US$4.4 billion) (2016) Net income 3,431.12 crore (US$530 million) (2016) Total assets US$15.8 billion (2015) Number of employees 46,500+ (2016) |
