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- ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998. As of March 2013, ING Vysya was the seventh largest private sector bank in India with assets totalling ₹548.36 billion (US$6.9 billion) and operating a pan-India network of over 1,000 outlets, including 527 branches, which serviced over two million customers. 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. ING Vysya Bank was ranked among top five Most Trusted Brands among private sector banks in India in the Economic Times Brand Equity – Neilsen survey 2011. The bank had also been ranked the "Safest Banker" by the New Indian Express and among "Top 5 Most Trusted Private Sector Banks" by the Economic Times. On 20 November 2014, in an all-stock amalgamation, 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 15 May 2016 the whole merger process was completed. (en)
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- merged withKotak Mahindra Bank (en)
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- 1930-01-01 (xsd:gYear)
- 2002-01-01 (xsd:gYear)
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- 10000 (xsd:nonNegativeInteger)
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- 14985 (xsd:nonNegativeInteger)
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- merged with Kotak Mahindra Bank (en)
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- ING Vysya Bank
Kotak Bank & ING Vysya Merger (en)
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- Banking, financial services & insurance (en)
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- Meleveetil Damodaran (en)
- Uday Sareen (en)
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- Over 10,000
No. of Branches: 527
No. of ATMS: 405
No. of Extension counters: 10 (en)
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- ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998. (en)
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