ING Service request form final curve 090309 cdr - ING Vysya Bank 2025

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However, the recent acquisition of ING Vysya Bank by Kotak Mahindra Bank has opened new doors for the M A in the banking sector. The mergers that the sector had seen in the past are very different from the type of merger between these two banking entities.
Note: ING Vysya Mutual Fund was acquired by Birla Sun life Mutual Fund in the year 2014.
ING today announced the sale of its last tranche of shares in Indias Kotak Mahindra Bank (Kotak). ING obtained its stake in Kotak through the merger of ING Vysya Bank with Kotak Mahindra Bank in 2015.
In February 2012, the acquisition was approved by regulators and completed its acquisition of ING Direct.
The full form of IVB is ING Vysya Bank. IVB is a privately owned Bangalore-based Indian multinational bank with retail, wholesale private financial services founded by the Dutch ING Group as a result of the 2002 acquisition of equity stakes in Vysya Bank.
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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.