ING Vysa Bank to merge with Kotak Mahindra Bank w.e.f April 1st, 2015
Q. With which private sector bank amalgamation of Kotak Mahindra bank has been approved by the Reserve Bank of India w.e.f 1st Apr’15?- Published on 31 Jul 15
a. Yes Bank
b. ING Vysya Bank
c. ICICI Bank
d. HDFC Bank
ANSWER: ING Vysya Bank
The RBI on 31 March 2015 approved the merger of ING Vysya Bank into Kotak Mahindra Bank.