ING Vysya Bank, Bangalore-headquartered private lender is reportedly planning to raise Rs 2,000 crore in fresh capital by the first half of June 2013 through a mix of preferential share allotment to the promoters as well as a qualified institutional placement. It has raised Rs 970 crore through a preferential issue to the promoters apart from QIPs, in June 2011.
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.
