Growth of the ING Vysya Bank Ltd

ING. Vysya Bank Ltd was one of the first private sector banks in the country and was set up in the year 1930. The main objective of setting up the bank was to provide financial support to the various sectors of the economy. In the year 1948, the Vysya Bank was listed among the Scheduled Banks The ING Vysya Bank Ltd was established in the month of October in the year 2002. The bank came into existence when the Vysya Bank Ltd went into a venture with global financial giant ING.

The headquarters of the bank is located in the city of Bangalore. Among the total number of branches, there are 407 regular branches, 28 satellite offices, 39 extension counters. The number of ATMs is around 203 which are expected to increase within the next few years. The deposit of the bank amounts to around Rs. 204980.00 millions while the net worth is around Rs 14260.00 millions. The profits of the bank amount to around Rs. 1569.00 millions.

In order to increase its profit and add to its operations, the Vysya Bank Ltd merged with ING. Currently, it is one of the well known banks in the country and has around 677 branches across various parts of the country