Ing Bank

HSBC and Dutch bank ING successfully completed the transaction for food and agricultural group Cargill, the British lender said in a statement.

In 2015, Kotak Mahindra Bank completed acquisition of mid-sized private sector ING Vysya Bank for about Rs 15,000 crore. The deal was touted as India's biggest banking merger.

S&P Global Ratings said the rating also reflects the bank's increased size and reach following its acquisition of ING Vysya Bank in 2015.

The bank expects to save about 900 million euros a year through the program, which includes about 2,300 cuts in the Netherlands and about 3,500 in Belgium.

Dutch financial major ING on Thursday offloaded a 2.5 per cent stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

Dutch financial services company ING Group is selling a $300-million stake in Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters.

Dutch bank ING and France's Societe Generale have written to clients to warn them of difficult trading conditions in financial markets and large gaps in pricing of assets when Britain votes next week on European Union membership.

Kotak Mahindra bank expects about 20 per cent growth in credit during the current fiscal, a senior executive said on Monday.

The net profit of 1.36 billion euros ($1.48 billion) was a 27 per cent rise from the April through June period last year, but the increase was entirely due to the sale of ING's Indian subsidiary Vysya Bank for 367 million euros.

Shares of Kotak Mahindra Bank fell over 4 per cent on Friday after the India's fourth-biggest private sector lender by assets reported a 56 per cent fall in its net profit for the June quarter.

Kotak Mahindra Bank, India's fourth biggest private sector lender by assets, expects its credit costs to jump this fiscal year as it makes more provisions related to its purchase of smaller local rival ING Vysya Bank, it said on Thursday.

Cyprus-based Lalea Trading, related to real estate, has been granted permission for repatriation of investment. The clearance will lead to FDI outflow of about Rs 23.27 crore.

Investments from FIIs and FPIs reached its limit of 48.55 per cent after Kotak Mahindra Bank acquired ING's operations.

The Reserve Bank has barred overseas investments in the private sector lender after foreign shareholding in it hit the permissible threshold following merger of ING Vysya Bank with Kotak Bank.

Private sector Kotak Mahindra Bank on Friday inked a pact with ING Bank for exploring opportunities arising from cross-border business, investments and trade flows across various geographies including Europe.

HSBC and Dutch bank ING successfully completed the transaction for food and agricultural group Cargill, the British lender said in a statement.

In 2015, Kotak Mahindra Bank completed acquisition of mid-sized private sector ING Vysya Bank for about Rs 15,000 crore. The deal was touted as India's biggest banking merger.

S&P Global Ratings said the rating also reflects the bank's increased size and reach following its acquisition of ING Vysya Bank in 2015.

The bank expects to save about 900 million euros a year through the program, which includes about 2,300 cuts in the Netherlands and about 3,500 in Belgium.

Dutch financial major ING on Thursday offloaded a 2.5 per cent stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

Dutch financial services company ING Group is selling a $300-million stake in Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters.

Dutch bank ING and France's Societe Generale have written to clients to warn them of difficult trading conditions in financial markets and large gaps in pricing of assets when Britain votes next week on European Union membership.

Kotak Mahindra bank expects about 20 per cent growth in credit during the current fiscal, a senior executive said on Monday.

The net profit of 1.36 billion euros ($1.48 billion) was a 27 per cent rise from the April through June period last year, but the increase was entirely due to the sale of ING's Indian subsidiary Vysya Bank for 367 million euros.

Shares of Kotak Mahindra Bank fell over 4 per cent on Friday after the India's fourth-biggest private sector lender by assets reported a 56 per cent fall in its net profit for the June quarter.

Kotak Mahindra Bank, India's fourth biggest private sector lender by assets, expects its credit costs to jump this fiscal year as it makes more provisions related to its purchase of smaller local rival ING Vysya Bank, it said on Thursday.

Cyprus-based Lalea Trading, related to real estate, has been granted permission for repatriation of investment. The clearance will lead to FDI outflow of about Rs 23.27 crore.

Investments from FIIs and FPIs reached its limit of 48.55 per cent after Kotak Mahindra Bank acquired ING's operations.

The Reserve Bank has barred overseas investments in the private sector lender after foreign shareholding in it hit the permissible threshold following merger of ING Vysya Bank with Kotak Bank.

Private sector Kotak Mahindra Bank on Friday inked a pact with ING Bank for exploring opportunities arising from cross-border business, investments and trade flows across various geographies including Europe.