ING Vysya Bank has received an approval for raising fund through further issue of capital of up to 30,000,000 equity shares or securities equivalent thereto, subject to a maximum of INR 2000 crore, by way of Preferential Issue to the promoters of the Bank and Qualified Institutions Placement to qualified institutional buyers, subject to the approval of members at the ensuing Annual General Meeting and all the requisite approvals required from regulatory authorities and provisions of applicable law
The board of directors at its meeting held on May 17, 2013, has approved for the same
The bank’s net profit for the quarter ended March 31, 2013 has surged by 33.68% at Rs 170.30 crore for the quarter as compared to Rs 127.39 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 15.56% at Rs 1454.15 crore for the quarter under review as compared to Rs 1258.30 crore for the corresponding quarter of the previous fiscal.
