ING Vysya Bank gains as RBI lifts curbs on share purchase by FIIs

ING Vysya Bank Ltd.(Amalgamated) | Bank - Private | BFSI | BSE: 531807 | NSE: INGVYSYABK

31 Oct 2014 Evaluate

ING Vysya Bank is currently trading at Rs. 645.90, up by 11.90 points or 1.88 % from its previous closing of Rs. 634.00 on the BSE.

The scrip opened at Rs. 642.00 and has touched a high and low of Rs. 646.60 and Rs. 638.00 respectively. So far 2779 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 723.15 on 07-Apr-2014 and a 52 week low of Rs. 493.00 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 669.00 and Rs. 619.00 respectively. The current market cap of the company is Rs. 12237.67 crore.

The promoters holding in the company stood at 42.73 % while Institutions and Non-Institutions held 43.70 % and 13.57 % respectively.

Reserve Bank of India has notified that the aggregate share holdings in ING Vysya Bank by Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPI)/Non-Resident Indians (NRI)/Persons of Indian Origin (PIO) and through American Depository Receipts (ADR)/Global Depository Receipts (GDRs)/Foreign Direct Investment (FDI) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy.

The restrictions placed on the purchase of shares of the bank are withdrawn with immediate effect. Equity shares of ING Vysya Bank can now be purchased by FIIs through primary market and stock exchanges.

ING Vysya Bank has posted a rise of 2.18% in its net profit at Rs 180.13 crore for the quarter ended September 30, 2014 as compared to Rs 176.28 crore for the same quarter in the previous year. Total income has increased by 10.79% at Rs 1664.03 crore for quarter under review as compared to Rs 1501.96 crore for the quarter ended September 30, 2013.

ING Vysya Bank Share Price

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Peers

Company Name	CMP
HDFC Bank	798.55
ICICI Bank	1342.55
Axis Bank	1360.55
Kotak Mahindra Bank	402.95
Indusind Bank	938.75
View more..

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