A recent press report said that ING Vysya has recorded that the net profit of this fiscal year has been raised up to 53 per cent of Rs.115.4 crore through higher net interest income and sound asset quality. Mr. Jayant Mehrotra, CFO, ING Vysya bank said that although the margins were under pressure, the profit… Read More »
A recent press report said that ING Vysya Bank has revised its base rate by 0.25 per cent. The bank has hiked its base rate to 10.45 per cent as against the current rate of 10.20 per cent per annum. The bank has announced that the revised rate will be applicable to all existing loans… Read More »
A recent press report said that ING Vysya Bank, the private lender has planned to raise funds by issuing up to 28 million equity shares to the promoters and qualified institutional players. The bank has not yet mentioned about the amount that is to be raised from the proposed offers. Reports said that with reference… Read More »
According to the Q4 results announced by ING Vysya, the banks net profit has gone up by 34 peer cent to Rs 91.3 crore, from Rs 67.9 crore. The bank has reported its growth after taking into consideration the impact of about Rs 36 crore on account of the second pension and enhancement in gratuity… Read More »