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Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that ING Vysya Bank Ltd.(Amalgamated) is an average long term investment. However, you need to ensure you buy at a right price to earn good returns.
Vysya Bank, incorporated in 1930, is one the leading bank in India. Much later in the year 1985, it became the largest private sector bank. In 1987 the company set up Vysya Bank Leasing.
Later 1990 it promoted Vysya Bank Housing Finance. In 2001 the company forayed into insurance business by setting up ING Vysya Life Insurance Company.
In 2002, Dutch banking giant ING took over the
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 presence in over 5 countries, employing over 120000 people and serving 75 million customers across the globe.
ING Vysya Bank Ltd is a premier private sector bank with retail, private and wholesale banking platforms that serve over two million customers. With over 80 years of history in India and leveraging INGâ€™s global financial expertise, the bank offers a broad range of innovative and established products and services, across its 547 branches.
Products and Services
In Personal Banking to offer wide range of products and services in deposits, loans, investments, insurance, forex services, demat services, online services and wealth management services.
In NRI banking it offers money transfer, Investment products such as International deposit, Mutual fund, online share trading, etc; also offer property solution, insurance loan.
In Business banking it caters to SME, Retails, NRI and other corporates offering spectrum of products and services.
The bank also provides wealth management services through ING Wealth Management Services.Awards2011ING was included in the 2011 DJSI World Index - the longest-running global sustainability benchmarks worldwide and the FTSE4 Good which is designed to measure the performance of companies that meet globally recognised corporate responsibility standards.ING Vysya Bank was ranked among top 5 Most Trusted Brands among private sector banks in India in the Economic Times Brand Equity - Neilsen survey 2011.2012ING Vysya Bank was awarded the 'Safest Banker' by The New Indian Express, one of India's premier publications, at The Sunday Standard FINWIZ 2012 - Best Bankersâ€™ Award.2013ING Vysya Bank won the Best Private Sector Bank award in Asset Quality category at the â€˜Dun & Bradstreet â€“ Polaris Banking Awards 2013â€™ announced on August 22.