Ing Vysya Bank Sold

Hello, I am looking for the details regarding the company to which the Ing Vysya Bank is sold. So can you please provide me the details regarding this including the contact details of the Bank so that it may be helpful for me??

[Kiran Chandar]

ING Vysya Bank is now Kotak Mahindra Bank.

You are looking for the details regarding the Kotak Mahindra Bank. So I am providing it to you so that it may be helpful for you:

Kotak Mahindra Bank is the fourth largest Indian private sector bank by market capitalization which is being headquartered in Mumbai, Maharashtra, India.

It was founded in 1985.

Investment and Insurance:

Pradhan Mantri Bima Yojana
Qualified Foreign Investor (QFI)
ASBA
Mutual Funds
Life Insurance
Demat Account
National Pension System

The list of cards:


Debit Cards
Debit Card Services
Credit Cards
Compare Credit Cards
Credit Card Services
Prepaid Cards

The list of types of loan:


Home Loans
Personal Loans
Education Loan
Tractor Finance
Loan Against Property
Rural Auto & Farm Equipment Finance
Home Improvement Loans
Home Loan Balance Transfer
Gold Loans
Commercial Vehicle Finance
Loan Against Securities

Contact:
Registered Office

27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai - 400 051
1800 102 6022
service.bank@kotak.com

Hello sir I want to know that when Ing Vysya Bank has sold its stake so here can you please give me details ?

[Raman Vij]

Hey as ING was a minority stakeholder in the bank way back in 2007 and had sold its stake in 2010. However, Uday Kotak was always in touch with the ING promoters

Acquisition of ING Vysya Bank

Banker Uday Kotak has pounced at his first chance in the highly regulated banking space to acquire Ing Vysya Bank in an all-stock deal.

The last merger the market saw was in 2010 when ICICI Bank acquired Bank of Rajasthan.

In 2008, HDFC Bank had acquired Centurion Bank of Punjab.

The acquisition will straightaway give Kotak Mahindra Bank access to ING Vysya's huge network in south India.

ING has 573 branches of which 64 per cent are in south India. Kotak has 641 branches, of which 46 per cent are in the west

The move will also help Kotak meet its target of 1,000 branches by 2016.

Personal banking services

Accounts & Deposits.

Loans

Cards

Investments & Insurance

Financial Inclusion

Convenience Banking

SME Banking services

Accounts

Loans & Overdrafts

Working Capital Finance

Dealer Finance

Trade Services

Convenience Banking