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Sep 6, 2022 · Amid reports that Kotak Mahindra Bank is in talks to acquire Federal Bank, global brokerage firm CLSA said the merger would be materially accretive if it at all happens. CLSA’s 'what-if' analysis suggests that even if Kotak pays a premium, the deal would be 12-16 per cent EPS/BPS accretive.
Merged: One single Kotak CRN linked to all Kotak Mahindra Bank and erstwhile ING Vysya Bank accounts. Multiple CRN: This is mostly for non-individual customers. For every corporate/non-individual entity you are an authorised signatory to, you have been given a distinct CRN.
Nov 20, 2014 · Kotak Mahindra Bank on Thursday announced it was acquiring Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold.
Sep 6, 2022 · Shares of Federal Bank Ltd were in focus on Monday following reports of its merger with Kotak Mahindra Bank Ltd. The Federal Bank stock hit a new 52-week high of ₹ 129.75 apiece on the...
Feb 15, 2023 · Kotak Mahindra Bank announced the acquisition of 100 percent of the equity shares of Sonata Finance, a non-banking finance company-microfinance institution, on February 10. Here’s an explainer...
Oct 26, 2020 · The merged entity would’ve assets of Rs 6.96 lakh crore and become the fourth largest private bank. Kotak Mahindra Bank has 1600 branches and 2516 ATMs whereas IndusInd Bank has 1911 branches and 2721 ATMs. The new combined entity would've a strength of 3511 branches and 5237 ATMs.
Sep 9, 2022 · September 09, 2022 / 11:59 AM IST. Addressing employees on September 6, Shyam Srinivasan, Managing Director and Chief Executive Officer of Federal Bank, dismissed media reports of the bank...
Kotak Mahindra Bank and ING Vysya Bank Announce Merger . Significant complementarity and growth potential drives merger. Compelling Revenue synergies. Share exchange ratio of 725 shares for 1,000 shares.
Nov 20, 2014 · Post merger, Dutch lender ING Group NV which currently holds 42.73 per cent stake in ING Vysya Bank, will become the second largest shareholder in Kotak Mahindra Bank at 6.5 per cent. Holding of Uday Kotak in the merged entity will also be diluted to 34 per cent from 39.71 per cent.
Jan 8, 2015 · Mumbai: Shareholders of Kotak Mahindra Bank Ltd and ING Vysya Bank Ltd have approved their merger in separate extraordinary general meetings (EGM) held on Wednesday, both banks said.
