Ing vysya bank limited is a public incorporated on 29 march 1930. Share price, corporate actions, valuation, research report, financials and more complete track record of ing vysya bank ltd. Also get to know the latest financials, news, research reports, recommendations and much more. Ing vysya bank limited company, directors and contact. Access a wide network of branches and atms across the country to meet all your banking needs. Ing vysya s diverse customer segments with more than 2 million customers. The merger will help kotak bank expand its reach at a time when competition in. Kotak bank plans to sell 65 million shares to raise. Ing vysya bank makes a good fit for kotak mahindra bank in many ways. Ing vysya bank, as of april 2015, has merged with kotak mahindra bank. Kotak mahindra bank will give 725 shares for every 1,000 shares of ing vysya. Amalgamated is not traded on nse in the last 5 days bse. Ing vysya banks earnings per share without nonrecurring items for the six months ended in mar.
Nearly 27 months ago billionaire uday kotak announced the takeover of ing vysya bank after years of eyeing it. Ing vysya bank ltd branches, all branch addresses, phone. Thomson reuters one via comtex the merger between ing vysya bank vysya and kotak mahindra bank kotak has today been completed. Furthermore, the company differentiates itself from other financial service providers by successfully establishing life insurance companies in countries with emerging economies, such as korea, taiwan, hungary, poland, mexico and chile. Here is the latest financial fact sheet of ing vysya bank. Stock valuation, dcf valuation of ing vysya bank ltd. Kotak mahindra banking vysya bank deal a wellmatched merger.
Use national electronic funds transfer neft to transfer funds from your ing vysya now kotak bank account to any account in another bank at locations specified by the rbi. Ing will continue to service its indian clients outside of india and will support its global. Now, kotak mahindra net banking will be a single access to all your banking, credit card, demat, loan, investment accounts and more. It is a nine digit code, usually printed on cheque leaves. Merged share price from its previous close of rs 1027. Ing vysya bank ltd corporate office is located at karnataka state, bangalore urban district, bangalore city and the bank branchs address is corporate office. According to regulations, rbis approval is required for an entity other than the promoter to have more than five per cent stake in a bank. All its products, services, branches, atms, outlets and operations will carry on under the kotak mahindra bank banner. Ing vysya bank completes merger with kotak mahindra bank. Ing vysya bank q3 profit falls % on higher revenues.
Ing vysya bank book value financial graphs moneycontrol. To ensure that there were no skeletons in the cupboard, ing vysyas stressed assets were transferred to a separate bad bank. Its earnings per share without nonrecurring items for the trailing twelve months ttm ended in mar. This exchange ratio indicates an implied price of rs. The merger between ing vysya bank vysya and kotak mahindra bank kotak has today been completed. At that time, many competitors were envious that he got the asset for a song. The net profit pat of the bank for year ended 31 march 20 increased by 34. Kotak completed the merger through an allstock buyout of ing vysya bank. Ing vysya bank has a forward rate of return yacktman % of 0. The origin of the erstwhile vysya bank was pretty humble. Ing vysya bank to merge with kotak mahindra bank the hindu. Ing vysya bank formed from the 2002 acquisition of an equity stake in indian vysya bank by the dutch ing group a premier private sector bank with retail, private and wholesale banking platforms that serve over two million customers the bank offers a broad range of innovative and established products and services, across its 573 branches strong employee base of 0.
Dcf intrinsic value per share of ing vysya bank ltd. Based on vysyas book value as per 31 december 2014, the gain on this transaction will be approximately eur 450 million. Ing has gained acknowledgment for its incorporate attack of banking, insurance and plus direction. Ing vysya bank makes the selection for credit cards easy by providing multiple choices that allow customers to make a wellinformed choice. Kotak mahindra bank ltd s deal to merge ing vysya bank ltd with itself looks like a steal. For more details, see the ing vysya bank quarterly results and ing vysya bank share price and chart. 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. Ing vysyas diverse customer segments with more than 2 million customers. It is classified as nongovt company and is registered at registrar of companies, bangalore. The combined entity has a strengthened position as one of indias leading privately held banks, with a wider geographical spread and enhanced expertise across customer segments and product categories. Locate any bank branch in india select bank name then state then district then branch to see details. Ing vysya bank has been on a tear with its financial performance and the stock price has kept pace. Prior to this transaction, vysya bank had a sevenyearold strategic alliance and shareholding. The promoters hold a 42 per cent stake in ing vysya bank.
For a sector overview, read our banking sector report. Ing vysya bank to merge with kotak mahindra bank ing. Basic savings bank deposit savings account erstwhile. The majority of this will be reflected in the net profit of the second quarter of 2015. Kotak mahindra bank late on thursday announced that it will acquire ing vysya bank in an allstock deal. In simple terms it would be the amount of money that a share holder would. Ing vysya bankmerged target share price, ing vysya bank. Ing vysya bank share price, ing vysya bank stock price. Ing vysya bank amalgamated share price live today 52 week.
The bank has a large regional exposure in the southern region. In simple terms it would be the amount of money that a share holder would get if a company were to liquidate. Furthermore, the company differentiates itself from other fiscal service suppliers by successfully set uping life insurance companies in states with emerging. Ing vysya bank ltd has many neft supported branches. Ing vysya bank fact sheet, ing vysya bank financial. Ing vysya bank ltd micr code find all ing vysya bank ltd. Based on vysyas book value as per 30 september 2014, the proposed transaction is estimated to result in a proforma net profit for ing of approximately eur 150 million to be booked at closing, and a limited positive impact on ing banks common equity tier 1 ratio. Generally the share price is above the book value price but during a recession e. Amalgamated is not traded on bse in the last 5 days.
Ing vysya bank forward rate of return yacktman % nse. Kotak mahindra bank in elite club of private banks even. Ing vysya bank q2 beats forecast, profit up 2% to rs 180 cr. Since this is a allstock swap, kotak, which trades at 4. Exide life insurance company limited is an established and profitable company that serves over 15 lakh customers in over 200 cities in india. Ing vysya bank is one such bank with healthy lowcost deposit ratio, strong fee income growth and stable asset quality. Smart bargain investors buy shares when the current market price is below the book value i. Kotak mahindra bank kmb on thursday snapped up ing vysya bank in an allshare transaction valued at an extremely attractive 2.
The company strictly adheres to the claim guidelines set by insurance regulatory board irdai and the services are iso 9001. Ing vysya bank is one of the oldest private sector banks in the country, in which the ing group of the netherlands holds a 44% stake. Why the kotaking vysya bank merger has not been as inexpensive as believed. The vysya group is a respectable business house based in south india. Ing vysya bank ltd corporate office branch ifsc code. Branch code is the last six characters of the ifsc code 000001. While the merger, which has propelled the bank to fourth rank, is nearing completion, insiders believe that it wasnt as inexpensive as people believed it to be. Risk management assignment on ing vysya bank finance essay.
Kotak mahindra bank in elite club of private banks even before ing vysya merger although kotak mahindra bank is set to emerge as 4th largest private sector bank after its merger with ing vyasya bank, in terms of market value, it has maintained a similar ranking, each year since 2011. Click on kotak login on the right hand side of the website and select net banking. Kotak mahindra acquires ing vysya bank, to become indias. According to kotak mahindra bank, ing vysya merger will leverage synergy in branches, products. Ing vysya bank sharestock price, ing vysya bank stock. Ing vysya bank amalgamated, 531807, ingvysyabk share. Micr magnetic ink character recognition code contains numerical values only. Compare kotak bank with ing vysya bank equitymaster.
For instance, under the credit card section of the bank, you have the pvr gold card, urbane gold card, aqua gold card, pvr platinum card, league platinum card, and royale signature card. This merger marked the first between an indian bank and a foreign bank. Ing vysya bank ltd has branches in 29 district of karnataka state. Check out ing vysya bank fact sheet and ing vysya bank financial results online at equitymaster. Book value is a companys assets minus its liabilities. It was in the year 1930 that a team of visionaries came together to form a. It is listed on the bse with a bse code of 531807 and the nse with an nse code of ingvysyabk. Why the kotaking vysya bank merger has not been as. Ing vysya bank systems have merged with kotak mahindra bank systems. Use branch locator tool here if you know state, city and branch name. Risk management assessment at ing vysya bank free essay. Net banking online banking, internet banking by kotak bank.
Ing vysya bank sharestock price, stock analysis of ing vysya bank, future prospects, experts view on buysellhold ing vysya bank shares. Magnetic ink character recognition as printed on cheque book to facilitate the processing of cheques. Ing vysya bank share price, ing vysya bank stock price, ing vysya bank ltd. With kotak mahindra bank trading at four times the fy15 estimated book, ing vysya banks acquisition, at 2. The stock has corrected 21 per cent in the last two months, and now. Ing vysya bank ltd branches, all branch addresses, phone, ifsc code, micr code, find ifsc, micr codes, address, all bank branches in india, for neft, rtgs, ecs transactions. After purchasing ing vysya bank in 2015, it invested 5 billion rupees in yes bank last month as part of the 100 billion rupee bailout by a group of eight lenders. Ing vysya bank ltd branches, karnataka, all branch. These problem loans were about 6% of the erstwhile ing vysyas total loans which were valued at rs 2,575 crore.