ING Vysya Bank trades in the green

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

26 Mar 2012 Evaluate

ING Vysya Bank is currently trading at Rs. 351.10, up by 2.50 points or 0.72% from its previous closing of Rs. 348.60 on the BSE.

The scrip opened at Rs. 345.15 and has touched a high and low of Rs. 363.40 and Rs. 345.00 respectively. So far 14652 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.40 on 20-Jul-2011 and a 52 week low of Rs. 275.00 on 26-Sep-2011.

Last one week high and low of the scrip stood at Rs. 363.40 and Rs. 331.00 respectively. The current market cap of the company is Rs. 5253.55 crore.

The promoters holding in the company stood at 43.80% while Institutions and Non-Institutions held 38.04% and 18.16% respectively.

ING Vysya Bank, in order to promote its successful Active Deposit Scheme has hiked its short-term deposit rates by 0.25% with effect from March 15, 2012. The bank will now pay 10% in its Active Deposit Scheme having tenure of 366 days compared to 9.75% earlier.

ING Active Deposit scheme is useful for customers who have surplus funds, on which they would like to earn higher returns but at the same time need the security of instant liquidity. The scheme will ensure liquidity to customers through its instant withdrawal facility and the facility to break the deposits into exact amount required as against traditional term deposits, while the remaining amount continues to earn the original rate of interest.

ING Vysya Bank is one the leading banks in India. In the year 1985, it became the largest private sector bank. In 2002, Dutch banking giant ING took over the management of the bank and the name was changed to ING Vysya Bank. Today it has its presence in over 5 countries, employing over 120,000 people and serving 75 million customers across the globe.