Nov 22, 2014 at 11:52 | Source: Moneycontrol.com
ING Vysya Bank has submitted a copy of joint press release regarding Kotak Mahindra Bank and ING Vysya Bank announce merger.
Nov 21, 2014 at 18:29 | Source: PTI
"We have no plans to do any massive rationalisation of branches or capacity. We are committed to growing, this is a merger for growth, not for cutting," Uday Kotak said, answering a specific question on whether KMB will be pruning some jobs.
Nov 21, 2014 at 18:02 | Source: Moneycontrol.com
Kotak-ING merger deal put turned the spotlight on banking sector stocks which helped Sensex, Nifty scaled new peaks this week. Overall, markets unperformed key indices during the week with CNX mid-cap and small-cap indices rising 0.4-1 percent against benchmarks 1 percent uptick.
Nov 21, 2014 at 16:14 | Source: CNBC-TV18
Brokerages have given the deal thumbs up saying it pushes up Kotak from a niche to a scaled player.
Nov 21, 2014 at 13:26 | Source: CNBC-TV18
Here are few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Future Consumer, Geometric, Kotak Mahindra Bank, ING Vysya, Amrutanjan, Texrail, Titagarh Wagons, Gammon India and Gammon Infrastructure.
Nov 21, 2014 at 11:41 | Source: CNBC-TV18
Ajay Srivastava, CEO of Dimensions Consulting recommends buying Kotak Mahindra Bank for long term.
Nov 21, 2014 at 11:23 | Source: CNBC-TV18
Deven Choksey of KR Choksey Shares and Securities recommends holding Kotak Mahindra Bank and advises adding the stock into portfolio on correction.
Nov 21, 2014 at 10:56 | Source: CNBC-TV18
Jignesh Shial, banking anlayst at IDBI Capital recommends accumulating Kotak Mahindra Bank.
Nov 21, 2014 at 10:33 | Source: Moneycontrol.com
India has not seen a merger, that will create India's fourth largest private lender, since the 2008 global meltdown. The other talked about, impactful mega weddings in the banking sector took place prior to the great Lehman Brothers collapse.
Nov 21, 2014 at 10:11 | Source: CNBC-TV18
After the merger, Kotak Mahindra Bank will become India's fourth largest private sector lender . The merger would be done through a share swap in which 725 equity shares of Rs 5 each of Kotak Mahindra will be issued for every 1,000 shares of Rs 10 each held in ING Vysya Bank.