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All the branches of ING Vysya Bank Ltd. will function as branches of Kotak Mahindra Bank Ltd. with effect from April 1, 2015 - All About Finance

All the branches of ING Vysya Bank Ltd. will function as branches of Kotak Mahindra Bank Ltd. with effect from April 1, 2015

by

RBI approves ING Vysya Bank Ltd.-

Kotak Mahindra
Bank Ltd. Amalgamation 

April 01, 2015

The Reserve Bank of India has sanctioned the
Scheme of Amalgamation of ING Vysya Bank
Ltd. with Kotak Mahindra Bank Ltd. The Scheme 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.

Ajit Prasad

Press Release
: 2014-2015/2076                                                                  Assistant General Manager

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