ING Vysya Bank soars on unveiling ‘ING FD+’

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

15 Jun 2012 Evaluate

ING Vysya Bank is currently trading at Rs. 334.90, up by 3.45 points or 1.04% from its previous closing of Rs. 331.45 on the BSE.

The scrip opened at Rs. 339.80 and has touched a high and low of Rs. 339.80 and Rs. 333.55 respectively. So far 150 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 379.00 on 25-Apr-2012 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. 351.80 and Rs. 331.00 respectively. The current market cap of the company is Rs. 5016.44 crore.

The promoters holding in the company stood at 43.77% while Institutions and Non-Institutions held 38.92% and 17.32% respectively.

ING Vysya Bank, in a bid to lure investors and expand deposit base, has unveiled ‘ING FD+’. ING FD+ is a fixed deposit scheme, offering an interest rate of up to 9.5% per annum for one-year deposits. The customers can available for deposits up to Rs 15 lakh under the scheme and can do a partial withdrawal of the deposit in units of Re 1.

Besides, the saving account can be linked to the FD which will enable customers to activate automatic transfer of funds, as required. In order to access their fixed deposit in case of a shortfall in their savings account, customers can withdraw cash from an ATM or write cheques.

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.

ING Vysya Bank Share Price

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Peers

Company Name	CMP
HDFC Bank	764.30
ICICI Bank	1247.20
Axis Bank	1260.35
Kotak Mahindra Bank	372.95
Indusind Bank	907.00
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