Wednesday, 1 April 2015

RBI approves amalgamation of ING Vysya Bank with Kotak Mahindra Bank

The scheme of amalgamation shall come into effect from 1 April 2015 

The RBI (Reserve Bank of India) has approved amalgamation of ING Vysya Bank with Kotak Mahindra Bank.

The scheme of amalgamation shall come into effect from 1 April 2015.

Shares of ING Vysya Bank are trading up 0.69% at Rs. 942 on BSE against the previous of Rs. 936.

Kotak Mahindra Bank is trading flat at Rs. 1,312 against the previous close of Rs. 1,313 on BSE. 

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