Kotak bank
Banking · 1-10 Employees
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Overview
Website
www.sicmoney.comRevenue
<$5 MillionIndustry
ZI Rank: 3
Signal Type
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ZI Rank
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About Kotak bank
Kotak Mahindra Bank Ltd is acquiring ING VYSYA Bank Ltd in an all-stock transaction that will create India's fourth largest private sector lender with nearly $2 trillion of assets and 10 million customers. The deal entails the swap of 725 Kotak Mahindra shares for every 1,000 shares in ING VYSYA. It has been struck at a 16% premium to the one month-average share price of ING VYSYA, valuing the lender at $2.5 billion and making it the biggest bank acquisition in India.Explore more
Popular SearchesKotak bankSIC Code 60,602NAICS Code 52,522Show moreKotak bank Org Chart
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Kotak bank Tech Stack
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Kotak bank News & Media
Kotak Bank CTO Nagnur quits citing personal reasons
Resignation comes at a time when KMB is barred by the RBI from onboarding new customers through its online and mobile banking channelsKotak Bank MD & CEO Ashok Vaswani: 'Crucial to scale for relevance, not just for the sake of size'
Last year, Kotak Bank made a surprising move by appointing Vaswani, a global banker, as its new MD & CEO.
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Kotak Mahindra Bank Ltd is acquiring ING VYSYA Bank Ltd in an all-stock transaction that will create India's fourth largest private sector lender with nearly $2 trillion of assets and 10 million customers. The deal entails the swap of 725 Kotak Mahindra shares for every 1,000 shares in ING VYSYA. It has been struck at a 16% premium to the one month... Read More
