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Tuesday, June 30, 2015

ING Vysya, Kotak Bank merger to be completed in 6-9 months

The integration of ING Vysya Bank with Kotak Mahindra Bank will be completed in the next six to nine months, according to Sumit Bali, Senior Executive Vice-President, Kotak Mahindra Bank.

He was speaking to newspersons at a press conference to announce the launch of a special debit card with the theme of Amish's latest book Scion of Ikshavaku here on Tuesday.

Following acquisition by Kotak Mahindra Bank, ING Vysya Bank got merged with the former from April 1, 2015.

"The first quarter results of FY 2016 will have the numbers for the combined entity,'' he said.

Source : Thehindubusinessline


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