Banking News

Merger of ING Vysya Bank with Kotak Mahindra Bank from April 1,2015


RBI approves ING Vysya Bank Ltd.- Kotak Mahindra Bank Ltd. Amalgamation.  The Scheme of amalgamation  has been sanctioned in exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The Scheme will come into force with effect from April 1, 2015. All the branches of ING Vysya Bank Ltd. will function as branches of Kotak Mahindra Bank Ltd. with effect from April 1, 2015.

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