New Delhi : Private sector Kotak Mahindra Bank inked a pact with ING Bank for exploring opportunities arising from cross-border business, investments and trade flows across various geographies, including Europe.
ING Bank holds 6.5% stake in the country’s fourth largest private sector lender. Effective April 1, 2015, ING Vysya Bank has merged with Kotak Mahindra Bank, creating a Rs 2 trillion institution.
“We have a strong corporate, institutional and investment banking business, which can now meet varying client needs across several geographies,” Kotak bank’s president KVS Manian said here.
