ING VYSYA BANK List of IFSC Code Branches Districts of ASSAM State
| Kamrup Metropolitan |
ING VYSYA BANK Branches in ASSAM state:
ING VYSYA BANK has branches in the following districts of ASSAM state :- Kamrup metropolitan.ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, a retail, wholesale and private banking platform formed by the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first time between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year strategic alliance and shareholding arrangement with former Belgian bank Bank Bruxelles Lambert, which was also acquired by the ING Group in 1998.
As of March 2013, ING Vysya was the seventh largest private sector bank in India, operating a pan-India network of over 1,000 outlets, including 527 branches, serving over two million customers.
ING Vysya was ranked among the “Safeest Bankers” by New Indian Express and “Top 5 Most Trusted Private Sector Banks” by The Economic Times.
On 20 November 2014, in an all-stock amalgamation, ING Vysya Bank decided to merge with Kotak Mahindra Bank, making it the fourth largest private sector bank in India. On 1 April 2015, the Reserve Bank of India approved the merger. The entire merger process was completed on 15 May 2016.
Established in the 1930s, Vysya Bank was formally incorporated and supports 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 past banking ties with several European East India companies during the 17th, 18th and 19th centuries. Seven major banks of the country (Canara Bank, Syndicate Bank, Corporation Bank, Vijaya Bank, Karnataka Bank, State Bank of Mysore and ING Vysya Bank) were originally established in Karnataka. [10]
From the 1930s to the 1950s, Vysya Bank systematically built its banking business in southern India. The bank focused on serving the Vaish community, which is a merchant/business community operating throughout Karnataka and Andhra Pradesh. In 1958, the bank was recognized by the Reserve Bank of India (RBI) for its banking operations across the country. The license was granted to expand. In 1972, RBI upgraded Vysya Bank to a national B category bank.
In 1987, Vysya Bank established two independently operated subsidiaries that provide equipment leasing and home mortgage services (Vysya Bank Leasing Limited and Vysya Bank Housing Finance Limited, respectively). In 1994, Vysya Bank introduced a number of innovative financial products for the fast growing Indian middle-class segment (such as VicePrime and ViceInvest for NRIs, Vysbay for consumer financing, ViceMobile for auto loan financing, and Vysquity for common equity financing). started marketing.
In 1995, Vysya Bank entered into a long-term strategic alliance with the Belgian bank Bruxelles Lambert (BBL). Following this agreement, Vysya Bank formally established the KPMC Pete Marwick International Investment Banking Joint Venture (JV) with MC Securities (London), an investment banking subsidiary of BBL.
In 1998, the ING Group acquired BBL and all of its contractual and joint venture interests in Vysya Bank. In 1999, Vysya Bank joined the ING Group in co-marketing/distributing life insurance products in India. Vysya Bank also acquired a 26% equity stake in ING Asset Management Company. In 2000, Vysya Bank, ING Insurance and Damani Group formed a life insurance joint venture; This innovative collaboration is the first Bancassurance venture in India.
In 2002, the Board of Directors of Vysya Bank and the RBI approved the formal merger of Vysya Bank with ING Group.
