ING Vysya Bank - Revision history

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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	*[[ING Group]]		*[[ING Group]]
	*[[Indian banking]]		*[[Indian banking]]

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			{{Short description\|Indian bank}}
	{{update\|date=August 2015}}		{{update\|date=August 2015}}
	{{EngvarB\|date=May 2014}}		{{EngvarB\|date=May 2014}}
	{{Use dmy dates\|date=May 2014}}		{{Use dmy dates\|date=May 2014}}

	{{Infobox company		{{Infobox company
	\|name = ING Vysya Bank		\|name = ING Vysya Bank
	\|logo = ING Vysya Bank.svg		\|logo = ING Vysya Bank.svg
	\|type = Private<br/> {{BSE\|531807}}		\|type = Private<br /> {{BSE\|531807}}
	\|fate = merged with [[Kotak Mahindra Bank]]		\|fate = merged with [[Kotak Mahindra Bank]]
	\|foundation = 2002<br/><small>(est. 1930 as ''Vysya Bank'')</small>		\|foundation = 2002<br /><small>(est. 1930 as ''Vysya Bank'')</small>
	\|location = [[Bangalore]], India		\|location = [[Bangalore]], India
	\|key_people = Meleveetil Damodaran<br>{{small\|([[Chairman]])}}<ref>{{cite web\|url=http://www.moneycontrol.com/company-management/ingvysyabank/board-of-directors/ING?classic=true\|title=bod}}</ref> <br> Uday Sareen <br>{{small\|(MD & CEO)}}		\|key_people = Meleveetil Damodaran<br />{{small\|([[Chairman]])}}<ref>{{cite web\|url=http://www.moneycontrol.com/company-management/ingvysyabank/board-of-directors/ING?classic=true\|title=bod}}</ref> <br /> Uday Sareen <br />{{small\|(MD & CEO)}}
	\|industry = Banking, [[financial services]] & insurance		\|industry = Banking, [[financial services]] & insurance
	\| revenue = {{INRconvert\|55.88\|b}}<ref name="ingvysyabank1">http://www.ingvysyabank.com/pdf%27s/Financial%20Results-%20Mar%2013.pdf</ref>		\| revenue = {{INRconvert\|55.88\|b}}<ref name="ingvysyabank1">http://www.ingvysyabank.com/pdf%27s/Financial%20Results-%20Mar%2013.pdf {{Bare URL PDF\|date=March 2022}}</ref>
	\| net_income = {{INRconvert\|6.13\|b}}<ref name="ingvysyabank1"/>		\| net_income = {{INRconvert\|6.13\|b}}<ref name="ingvysyabank1"/>
	\| assets = {{INRconvert\|548.36\|b}}<ref name="ingvysyabank1"/>		\| assets = {{INRconvert\|548.36\|b}}<ref name="ingvysyabank1"/>
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	}}		}}

	'''ING Vysya Bank ''' was a privately owned Indian multinational bank based in [[Bangalore]], with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch [[ING Group]]. This merger marked the first between an Indian bank and a foreign bank.<ref name="livemint1">http://www.livemint.com/2011/11/04000353/Shailendra-Bhandari--People-d.html</ref> Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank [[Banque Bruxelles Lambert]], which was also acquired by ING Group in 1998.		'''ING Vysya Bank ''' was a privately owned Indian multinational bank based in [[Bangalore]], with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch [[ING Group]]. This merger marked the first between an Indian bank and a foreign bank.<ref name="livemint1">{{Cite web\|url=http://www.livemint.com/2011/11/04000353/Shailendra-Bhandari--People-d.html\|title=Archives Top and Latest News}}</ref> Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank [[Banque Bruxelles Lambert]], which was also acquired by ING Group in 1998.

	As of March 2013, ING Vysya was the seventh largest private sector bank in India with assets ~~totaling~~ {{INRconvert\|548.36\|b}} and operating a pan-India network of over 1,000 outlets, including 527 branches, which serviced over two million customers.<ref name="ingvysyabank1"/><ref>[http://www.chryscapital.com/current-portfolio.htm ChrysCapital]. ChrysCapital. Retrieved on 6 December 2013.</ref> ING Group, the highest-ranking institutional shareholder, held a 44% equity stake in ING Vysya Bank, followed by [[Aberdeen Asset Management]], private equity firm ChrysCapital, [[Morgan Stanley]], and [[Citigroup]], respectively.<ref>http://www.ingvysyabank.com/pdf%27s/INGVysyaBank_MARCH2012.pdf</ref>		As of March 2013, ING Vysya was the seventh largest private sector bank in India with assets totalling {{INRconvert\|548.36\|b}} and operating a pan-India network of over 1,000 outlets, including 527 branches, which serviced over two million customers.<ref name="ingvysyabank1"/><ref>[http://www.chryscapital.com/current-portfolio.htm ChrysCapital]. ChrysCapital. Retrieved on 6 December 2013.</ref> ING Group, the highest-ranking institutional shareholder, held a 44% equity stake in ING Vysya Bank, followed by [[Aberdeen Asset Management]], private equity firm ChrysCapital, [[Morgan Stanley]], and [[Citigroup]], respectively.<ref>http://www.ingvysyabank.com/pdf%27s/INGVysyaBank_MARCH2012.pdf {{Bare URL PDF\|date=March 2022}}</ref>

	ING Vysya had been ranked the "Safest Banker" by the ''New Indian Express'' and among "Top 5 Most Trusted Private Sector Banks" by the ''Economic Times''.<ref>[~~http~~://www.~~indiaprwire~~.com/~~pressrelease~~/~~financial~~-~~services~~/~~20120828129224.htm~~ ING Vysya Bank ~~awarded~~ the ~~"Safest Banker" by 'The Sunday Standard FINWIZ 2012 - Best Bankers' Award~~]. ~~Indiaprwire~~.com. Retrieved on ~~6 December 2013~~.</ref>		ING Vysya Bank was ranked among top five Most Trusted Brands among private sector banks in India in the Economic Times Brand Equity – Neilsen survey 2011.<ref name=":0" /> The bank had also been ranked the "Safest Banker" by the ''New Indian Express'' and among "Top 5 Most Trusted Private Sector Banks" by the ''Economic Times''.<ref name=":0">[https://www.ndtv.com/business/stock/ing-vysya-bank-ltd_ingvysyabk/reports ING Vysya Bank was ranked among top 5 Most Trusted Brands among private sector banks in India in the Economic Times Brand Equity – Neilsen survey 2011]. ndtv.com. Retrieved on 27 March 2022.</ref>

	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.<ref>{{cite ~~web~~ \|url=http://www.thehindu.com/business/Industry/kotak-mahindra-bank-to-acquire-ing-vysya-bank/article6618453.ece \|title=ING Vysya Bank to merge with Kotak Mahindra Bank \|publisher=thehindu.com \|access-date=21 November 2014}}</ref> On 1 April 2015, the [[Reserve Bank of India]] approved the merger. On 15 May 2016 the whole merger process was completed.<ref name="ING RBI Approves">{{cite news\|title=Kotak Mahindra, ING Vysya extend gains after RBI approves amalgamation\|url=http://www.business-standard.com/article/news-cm/kotak-mahindra-ing-vysya-extend-gains-after-rbi-approves-amalgamation-115040600648_1.html\|access-date=12 April 2015\|work=[[Business Standard]]\|date=6 April 2015}}</ref>		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.<ref>{{cite news \|url=http://www.thehindu.com/business/Industry/kotak-mahindra-bank-to-acquire-ing-vysya-bank/article6618453.ece \|title=ING Vysya Bank to merge with Kotak Mahindra Bank \|newspaper=The Hindu \|date=20 November 2014 \|publisher=thehindu.com \|access-date=21 November 2014\|last1=Ninan \|first1=Oommen a. }}</ref> On 1 April 2015, the [[Reserve Bank of India]] approved the merger. On 15 May 2016 the whole merger process was completed.<ref name="ING RBI Approves">{{cite news\|title=Kotak Mahindra, ING Vysya extend gains after RBI approves amalgamation\|url=http://www.business-standard.com/article/news-cm/kotak-mahindra-ing-vysya-extend-gains-after-rbi-approves-amalgamation-115040600648_1.html\|access-date=12 April 2015\|work=[[Business Standard]]\|date=6 April 2015}}</ref>

	==History==		==History==
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	In 2006, Vaughn Richtor stepped into the CEO and MD role for a fixed three-year term. Under Mr Richtor's leadership, ING Vysya went private and delisted from the Bangalore Stock Exchange. ING Vysya also forayed into private banking and portfolio management services.		In 2006, Vaughn Richtor stepped into the CEO and MD role for a fixed three-year term. Under Mr Richtor's leadership, ING Vysya went private and delisted from the Bangalore Stock Exchange. ING Vysya also forayed into private banking and portfolio management services.

	In 2009, Shailendra Bhandari was appointed as CEO and MD. He was formerly the Head of Private Equity at Tata Capital, the [[Tata Group]]'s private equity arm.<ref>http://www.ing.asia/pressroom/bios_shailendra_bhandari.html</ref> Having completed his three-year term in India, Vaughn Richtor was promoted to CEO of ING Banking Asia.<ref>http://www.ing.asia/pressroom/bios_vaughn_richtor.html</ref>		In 2009, Shailendra Bhandari was appointed as CEO and MD. He was formerly the Head of Private Equity at Tata Capital, the [[Tata Group]]'s private equity arm.<ref>http://www.ing.asia/pressroom/bios_shailendra_bhandari.html {{Dead link\|date=March 2022}}</ref> Having completed his three-year term in India, Vaughn Richtor was promoted to CEO of ING Banking Asia.<ref>http://www.ing.asia/pressroom/bios_vaughn_richtor.html {{Dead link\|date=March 2022}}</ref>

	In 2010, the Board of ING Vysya Bank nominated Mr Arun Thiagarajan to succeed Mr K.R. Ramamoorthy as chairman of the board. Mr Thiagarajan was selected for his vast international experience across strategic planning, economics and finance, technology and systems.<ref>[http://www.business-standard.com/india/news/arun-thiagarajan-appointed-chairmaning-vysya-bank/404692/ Arun Thiagarajan appointed Chairman of ING Vysya Bank]. Business Standard (16 August 2010). Retrieved on 6 December 2013.</ref>		In 2010, the Board of ING Vysya Bank nominated Mr Arun Thiagarajan to succeed Mr K.R. Ramamoorthy as chairman of the board. Mr Thiagarajan was selected for his vast international experience across strategic planning, economics and finance, technology and systems.<ref>[http://www.business-standard.com/india/news/arun-thiagarajan-appointed-chairmaning-vysya-bank/404692/ Arun Thiagarajan appointed Chairman of ING Vysya Bank]. Business Standard (16 August 2010). Retrieved on 6 December 2013.</ref>
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	[[Category:Banks based in Karnataka]]		[[Category:Banks based in Karnataka]]
	~~[[Category:Companies listed on the Bombay Stock Exchange]]~~
	[[Category:Banks established in 1930]]		[[Category:Banks established in 1930]]
	[[Category:ING Group]]		[[Category:ING Group]]
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	[[Category:Indian companies established in 1930]]		[[Category:Indian companies established in 1930]]
	[[Category:Kotak Mahindra Bank]]		[[Category:Kotak Mahindra Bank]]
			[[Category:Companies listed on the Bombay Stock Exchange]]

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{{update|date=August 2015}}
{{EngvarB|date=May 2014}}
{{Use dmy dates|date=May 2014}}

{{Infobox company
|name = ING Vysya Bank
|logo = ING Vysya Bank.svg
|type = Private {{BSE|531807}}
|fate = merged with [[Kotak Mahindra Bank]]
|foundation = 2002 (est. 1930 as ''Vysya Bank'')
|location = [[Bangalore]], India
|key_people = Meleveetil Damodaran {{small|([[Chairman]])}}<ref>{{cite web|url=http://www.moneycontrol.com/company-management/ingvysyabank/board-of-directors/ING?classic=true|title=bod}}</ref> Uday Sareen {{small|(MD & CEO)}}
|industry = Banking, [[financial services]] & insurance
| revenue = {{INRconvert|55.88|b}}<ref name="ingvysyabank1">http://www.ingvysyabank.com/pdf%27s/Financial%20Results-%20Mar%2013.pdf</ref>
| net_income = {{INRconvert|6.13|b}}<ref name="ingvysyabank1"/>
| assets = {{INRconvert|548.36|b}}<ref name="ingvysyabank1"/>
|num_employees = Over 10,000<ref name="ingvysyabank2">[http://www.ingvysyabank.com/scripts/About_Overview.aspx ING Vysya - ING Vysya Bank - Personal Banking] {{webarchive|url=https://web.archive.org/web/20130806230942/http://ingvysyabank.com/scripts/About_Overview.aspx |date=6 August 2013 }}. ING Vysya Bank. Retrieved on 6 December 2013.</ref>
No. of Branches: 527<ref name="ingvysyabank2"/>

No. of ATMS: 405
No. of Extension counters: 10
|homepage = <s>[http://www.ingvysyabank.com ING Vysya Bank]</s>
[http://www.kotak.com/about-merger.htm Kotak Bank & ING Vysya Merger]
}}

'''ING Vysya Bank ''' was a privately owned Indian multinational bank based in [[Bangalore]], with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch [[ING Group]]. This merger marked the first between an Indian bank and a foreign bank.<ref name="livemint1">http://www.livemint.com/2011/11/04000353/Shailendra-Bhandari--People-d.html</ref> Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank [[Banque Bruxelles Lambert]], which was also acquired by ING Group in 1998.

As of March 2013, ING Vysya was the seventh largest private sector bank in India with assets totaling {{INRconvert|548.36|b}} and operating a pan-India network of over 1,000 outlets, including 527 branches, which serviced over two million customers.<ref name="ingvysyabank1"/><ref>[http://www.chryscapital.com/current-portfolio.htm ChrysCapital]. ChrysCapital. Retrieved on 6 December 2013.</ref> ING Group, the highest-ranking institutional shareholder, held a 44% equity stake in ING Vysya Bank, followed by [[Aberdeen Asset Management]], private equity firm ChrysCapital, [[Morgan Stanley]], and [[Citigroup]], respectively.<ref>http://www.ingvysyabank.com/pdf%27s/INGVysyaBank_MARCH2012.pdf</ref>

ING Vysya had been ranked the "Safest Banker" by the ''New Indian Express'' and among "Top 5 Most Trusted Private Sector Banks" by the ''Economic Times''.<ref>[http://www.indiaprwire.com/pressrelease/financial-services/20120828129224.htm ING Vysya Bank awarded the "Safest Banker" by 'The Sunday Standard FINWIZ 2012 - Best Bankers' Award]. Indiaprwire.com. Retrieved on 6 December 2013.</ref>

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.<ref>{{cite web |url=http://www.thehindu.com/business/Industry/kotak-mahindra-bank-to-acquire-ing-vysya-bank/article6618453.ece |title=ING Vysya Bank to merge with Kotak Mahindra Bank |publisher=thehindu.com |access-date=21 November 2014}}</ref> On 1 April 2015, the [[Reserve Bank of India]] approved the merger. On 15 May 2016 the whole merger process was completed.<ref name="ING RBI Approves">{{cite news|title=Kotak Mahindra, ING Vysya extend gains after RBI approves amalgamation|url=http://www.business-standard.com/article/news-cm/kotak-mahindra-ing-vysya-extend-gains-after-rbi-approves-amalgamation-115040600648_1.html|access-date=12 April 2015|work=[[Business Standard]]|date=6 April 2015}}</ref>

==History==

===Early years===

Established in 1930s, Vysya Bank was formally incorporated and favours the Arcot Mudaliar community in the city of [[Bangalore]], [[Karnataka]]. The state of [[Karnataka]] is known as the "cradle of Indian banking" due to the region's bygone banking relationship with several European [[East India Companies (disambiguation)|East India Companies]] during the 17th, 18th and 19th centuries. Seven of the country's leading banks ([[Canara Bank]], [[Syndicate Bank]], [[Corporation Bank]], [[Vijaya Bank]], [[Karnataka Bank]], [[State Bank of Mysore]], and ING Vysya Bank) were originally established in [[Karnataka]].<ref>Ravi Sharma. "Building on a strong base". Online Webpage of The Frontline, Volume 22 - Issue 21, 8 - 21 Oct. 2005. 2005, Frontline</ref>

From the 1930s through the 1950s, Vysya Bank built its banking business organically in southern India. The bank concentrated on serving the Vysya community, a merchant/trading community operating across [[Karnataka]] and [[Andhra Pradesh]].<ref name="livemint1"/> In 1958, the bank was licensed by the [[Reserve Bank of India]] (RBI) to expand its banking operations nationwide. In 1972, the RBI upgraded Vysya Bank to a national ''B class'' bank.

In 1987, Vysya Bank established two independently operating subsidiaries providing equipment leasing and home mortgaging services (Vysya Bank Leasing Ltd and Vysya Bank Housing Finance Ltd, respectively). In 1994, Vysya Bank began marketing several innovative financial products to the fast-growing Indian middle-class segment (e.g. ''Vysprime'' and ''Vysinvest'' for NRIs, ''Vysbuy'' for consumer financing, ''Vysmobile'' for auto loan financing, and ''Vysequity'' for common equity financing).

===Globalisation through Europe===

In 1995, Vysya Bank entered into a long-term strategic alliance with Belgian bank [[Bank Bruxelles Lambert]] (BBL). Following this agreement, the Vysya Bank engaged KPMC Peat Marwick international investment banking joint venture (JV) with MC Securities (London), an investment banking subsidiary of BBL, was formally established.

In 1998, the [[ING Group]] acquired BBL and all its contractual and JV interests in Vysya Bank. In 1999, Vysya Bank joined the [[ING Group]] in co-marketing/distribution of life insurance products in India. Vysya Bank also acquired a 26% equity stake in the ING Asset Management Company. In 2000, Vysya Bank, [[ING Group|ING]] Insurance, and the Damani Group formed a life insurance JV; this innovative collaboration marks the first bancassurance venture in India.<ref>[http://www.thehindubusinessline.in/businessline/2000/11/29/stories/14294106.htm ING, Vysya, Damani in pact for life venture]. Thehindubusinessline.in (29 November 2000). Retrieved on 6 December 2013.</ref>

===Formal merger with the ING Group===

In 2002, Vysya Bank's board of directors and the RBI approved Vysya Bank's formal merger with the [[ING Group]]. Under Indian law, this move allowed ING to increase its total equity holdings in Vysya Bank from 20% to 44%. Peter Alexander Smyth and Jacques PM Kemp were appointed to the board of the newly formed ING Vysya Bank.

ING Vysya Bank then appointed Bart Hellemans as CEO and managing director (MD) and G Mallikarjuna Rao as chairman of the board.

===Post merger News===

In 2003, [[Western Union]], a leading global money transfer firm, tied up with ING Vysya for inbound money transfer services across India. ING Vysya then launched three new endowment products and an innovative retail savings account called ''Orange'' with facilities such as personal accident and free annual accident coverage. Japanese auto manufacturer [[Toyota]] then signed an agreement with ING Vysya for auto financing services. ING Vysya then inked a deal with fertilizer producers, Madras Fertiliser Ltd (MFL), to co-market/distribute life insurance products to farmers by employing the fertilizer company's broker-dealer network in the rural sector.

In 2005, ING Vysya Bank named Ned Swarup to the CEO and MD role. ING Vysya launched a cheque account product for mid-sized businesses. It also rolled-out its own proprietary online money transfer service.

In 2006, Vaughn Richtor stepped into the CEO and MD role for a fixed three-year term. Under Mr Richtor's leadership, ING Vysya went private and delisted from the Bangalore Stock Exchange. ING Vysya also forayed into private banking and portfolio management services.

In 2009, Shailendra Bhandari was appointed as CEO and MD. He was formerly the Head of Private Equity at Tata Capital, the [[Tata Group]]'s private equity arm.<ref>http://www.ing.asia/pressroom/bios_shailendra_bhandari.html</ref> Having completed his three-year term in India, Vaughn Richtor was promoted to CEO of ING Banking Asia.<ref>http://www.ing.asia/pressroom/bios_vaughn_richtor.html</ref>

In 2010, the Board of ING Vysya Bank nominated Mr Arun Thiagarajan to succeed Mr K.R. Ramamoorthy as chairman of the board. Mr Thiagarajan was selected for his vast international experience across strategic planning, economics and finance, technology and systems.<ref>[http://www.business-standard.com/india/news/arun-thiagarajan-appointed-chairmaning-vysya-bank/404692/ Arun Thiagarajan appointed Chairman of ING Vysya Bank]. Business Standard (16 August 2010). Retrieved on 6 December 2013.</ref>

As of January 2013, ING Group announced plans to divest itself of its Indian insurance and investment management businesses through the sale of its 26% interest in ING Vysya Life Insurance Company Ltd. to its joint venture partner [[Exide Industries]] Ltd.<ref>[http://www.ing.com/Our-Company/Press-room/Press-release-archive/PressRelease/ING-to-sell-its-interest-in-ING-Vysya-Life-Insurance.htm to sell its interest in ING Vysya Life Insurance]. ING. Retrieved on 6 December 2013.</ref>

==Current operations==

ING Vysya Bank has competed in the banking/financial services and insurance markets for over 80 years and currently serves over two million Indian consumers. The bank markets an entire range of financial products and services, organised under three strategic lines of business: retail, private and wholesale banking.<ref>{{cite web |url=http://www.ingvysyabank.com/scripts/About_overview.aspx |title=Company Overview |publisher=ingvysyabank.com |access-date=27 February 2011 |url-status=dead |archive-url=https://web.archive.org/web/20130806230942/http://ingvysyabank.com/scripts/About_Overview.aspx |archive-date=6 August 2013 |df=dmy-all }}</ref>

===Retail banking===

With 547 branches and 10 counters, 28 satellite offices and 470 ATM's nationwide, ING Vysya's retail operation offers cheque accounts, savings deposits/CD's, retail wealth management services, consumer loans, agricultural/rural banking and retail life insurance products. The bank has rapidly expanded its distribution footprint and has created a national brand presence through several innovative marketing campaigns.<ref>{{cite web |url=http://www.ingvysyabank.com/scripts/About_overview.aspx |title=ING About Us |publisher=ingvysyabank.com |access-date=30 September 2011 |url-status=dead |archive-url=https://web.archive.org/web/20130806230942/http://ingvysyabank.com/scripts/About_Overview.aspx |archive-date=6 August 2013 |df=dmy-all }}</ref>

===Private banking===

ING Vysya's private bank operates on an advisory-driven model. Specialised market research remains the bank's emphasis for the introduction of new tailored products to serve the high-end private banking segment.

===Corporate/wholesale banking===

The wholesale banking business provides corporate clients in India a range of commercial, transactional and electronic banking products. The bank offers client-focused products including working capital finance, trade and transactional services, foreign exchange, term loans and cash management services.<ref>{{cite web |url=http://www.ingvysyabank.com/scripts/wholesalebanking.aspx |title=ING Vysya Bank |publisher=ingvysyabank.com |access-date=9 October 2012}}</ref> The wholesale banking business comprises four business sub-segments and multiple product offerings. The business segments Corporate and Investment Banking, Emerging Corporates, Banking and Financial Institutions and financial markets.<ref name="ingvysyabank3">{{cite web |url=http://www.ingvysyabank.com/pdf%27s/INGVYSYABANKLIMITEDANNUALREPORT.pdf |title=ING Annual Report |publisher=ingvysyabank.com |access-date=9 October 2012}}</ref>

===Agriculture and rural banking===

Agriculture and Rural Banking deals with all business related to agriculture and allied activities, Gold Loans, loans to SHGs and lending to government-sponsored schemes. Working Capital and Agriculture Term Loans for poultry, dairy, cold storage units etc. are also being offered to cater diverse needs of the farming community. The bank has accelerated retail agricultural lending at a few places in North India and Central India especially in Rajasthan, Uttarakhand, Maharashtra, Gujarat and Madhya Pradesh.<ref name="ingvysyabank3"/>

==See also==
{{Portal|Banks}}
*[[ING Group]]
*[[Indian banking]]

== References ==
{{reflist}}

==External links==
*[http://www.ing.com ING Group]
*[http://www.inglife.co.in/ ING Life, India]
*[https://web.archive.org/web/20080420111022/http://www.ingim.co.in/ ING Investment Management]

{{Banking in India}}
{{Kotak Mahindra Bank}}

[[Category:Banks based in Karnataka]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Banks established in 1930]]
[[Category:ING Group]]
[[Category:Companies based in Bangalore]]
[[Category:Indian companies established in 1930]]
[[Category:Kotak Mahindra Bank]]