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2 company profile
Over view ING Vysya Bank Ltd is a premier private sector bank with retail, private and wholesale banking platforms that serve over two million customers. With 80 years of history in India and leveraging ING’s global financial expertise, the bank offers a broad range of innovative and established products and services, across its 527 branches. The bank, which has close to 10,000 employees, is also listed in Bombay Stock Exchange Limited and National Stock Exchange of India Limited. 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. The bank was formed from the 2002 acquisition of an equity stake in Indian Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year old strategic alliance with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.
About ING Group ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. More than 84,000 ING employees server over 61 million private, corporate and institutional customers in over 40 countries in Europe, North America, Latin America, Asia and Australia. We draw on our experience and expertise, our commitment to excellent service and our global scale to meet the needs of a broad customer base, comprising individuals, families, small, businesses, large corporations, institutions and governments.
Best Bankers’ Award.9 million do not have access . Our Wholesale Banking Unit was ranked 12th in the Underwriter Ranking of the Bloomberg League Table covering 'All India Private Placement of Bond Issuances'. was chosen as the 'Best Corporate Internet Banking Initiative. one of India's premier publications. 37.Most Trusted Banks Survey 2011 under 'Trusted Brands' category. We were rated as the 'Top Rupee Forecaster' (against US Dollar) for the trailing six quarters finding December 2011 by Bloomberg in their rankings done across several Asian currencies and market players. ING Converge.the longest-running global sustainability benchmarks worldwide and the FTSE4Good which is designed to measure the performance of companies that meet globally recognized corporate responsibility standards.000 villages across the country.Awards and Recognition ING Vysya Bank was awarded the 'Safest Banker' by The New Indian Express. amongst 50 banks from 14 countries. our On-Line Internet Banking Platform/Portal. Debt Capital Markets (DCM business has been ranked among the top 15 banks in India in its first year of operations. ING Inwards.30 million farmer households 45. ING Vysya Bank's Financial Inclusion Initiatives Rural India accounts for roughly 70% of the population located in 6. We were ranked among the top 5 Private Sector Banks in the country by Economic Times Brand Equity . won the CIO 100 award for the 3rd consecutive year in 2011. 2012' across Asia by the Asian Banker Technology Awards 2011. CIOL 2011 award for Corporate and Business Banking Portal. an innovative solution that helps large corporations manage receivables across multiple geographies and partners. at The Sunday Standard FINWIZ 2012 . ING was included in the 2011 DJSI World Index . Out of the 89. buoyed by some high-profile transactions in the bond markets).
there are concerns that banks have not been able to include certain segments of the population. credit and insurance. insurance etc. access to savings products. The highlights of these are: • • • • • We are providing Banking Services in 295 villages across the country As on September 2010. a registered Society with over 100 years of existence. providing easy and right quantum of credit at affordable interest rates. Covered 6. The services offered under FI constitute 'no frills' accounts.27 lac persons under financial inclusion Bank provides banking facilities to 12000 SHGs with credit facilities of Rs. However data collated through various surveys indicate that for every 100 adult persons there are only 17 credit accounts and 54 savings accounts with all the financial institutions put together (June 2007). the Bank has opened 84000 No Frill accounts. Regulators and the Banks towards ensuring financial inclusion. This has been an area of concern and focus of the Government and Reserve Bank of India (RBI). into the fold of basic banking services. thereby highlighting the need for more concerted efforts from the Government. The financially excluded sections of society also include the urban slum dwellers and migrant workers in urban areas. Though the banking industry has shown tremendous growth during the last few decades in all areas relating to financial viability.to credit either from the institutional or non institutional sources (NSSO 2008). Several initiatives have been underway to empower the marginalized sections through awareness and education and access to basic banking services such as savings. Sangha has a chain of institutes numbering over 120 covering all fields of education and established RUDSETI at Bagalkot with objective . Our bank has drawn a three year plan to achieve Financial Inclusion objectives and has taken up several steps in this regard.100 crores Our bank has been associated with Basaveswara Vidya Vardhaka Sangha. The term 'Financial inclusion' (FI) is defined as including the excluded sections of disadvantaged and low income groups into the formal financial sectors by delivery of banking services at an affordable cost. especially the under-privileged sections of society. profitability and competiveness.
000 candidates were settled / linked with finance by various banks in the district • Bank has also devised various products for financial inclusion. Since inception 13000 candidates have been trained.to identify. DIR scheme Self Help Group (SHG) finance Kisan Credit Card Zero Balance No Frill Accounts with OD facility BC No Frill Accounts ( Payment to NREGP/SSP Beneficiaries) Bank has adopted the Business Correspondent Model for extending the services in rural areas and deepening financial inclusion in the unbanked areas in AP and Karnataka State. 26 Crs. The achievements so far in this regard are: Enrolled over 130446 beneficiaries Opened over 99631 accounts Issued 99631 Smart Cards Disbursed Rs. to 36148 beneficiaries in AP Other initiatives: . assist young people and to motivate and empower them to take up self-employment venture by providing all the needed assistance. Presently we have two BCs for disbursing amounts to NREGP & SSP beneficiaries. orient. namely: • • • • • • • General credit Card Scheme. out of which 8000 were women and 10. train. counsel.
The Bank also proposes to roll out a a separate Module on Financial Inclusion. The bank's INR3. (From CRISIL Report dated JUNE 2012). Ratings • ING FIXED DEPOSITS rated 'FAAA' by the National Rating Agency CRISIL. albeit improving. CRISIL ratings on ING Vysya’s debt instruments continue to centrally factor in CRISIL’s belief that the Netherlands-based ING Groep NV (ING Groep. and operational support to ING Vysya. which implies highest safety to customers. 80 Billion Certificate of Deposits CRISIL AA/Stable (Reaffirmed) CRISIL AA/Stable (Reaffirmed) CRISIL AA/Stable (Reaffirmed) FAAA/Stable (Reaffirmed) CRISIL A1+ (Reaffirmed) Fitch Ratings has affirmed India-based ING Vysya Bank's\ National Long-term rating at 'Fitch AA-(ind)' with a Stable Outlook. earnings profile and modest market position. 2 Billion Upper Tier II Bonds Rs. where importance of Financial Inclusion is emphasized in all other Training programmes held. adequate funding profile. and improved asset quality. funding.9bn lower Tier 2 subordinated debt has also been affirmed at 'Fitch AA-(ind)'.• The Bank has its Competence Development Centre at Bangalore. • ING Vysya Bank has been chosen as one of the most trusted brands amongst private sector banks in the Economic Times Brand Equity – Most Trusted Brands Survey. They also factor in the bank's .8. 2011. The ratings also factor in ING Vysya’s comfortable capitalisation and adequate resource profile. 1 Billion Perpetual Tier I Bonds Lower Tier II Bonds Aggregating Rs. The ratings reflect ING Vysya's comfortable capital position.0 Billion Fixed Deposit Programme Rs. rated ‘A/Stable/A-1’ by Standard & Poor’s) will continue to provide management. These rating strengths are partially offset by ING Vysya’s average. • Bank's Financial Inclusion Plan (FIP) and the list of villages taken up for providing banking services are displayed separately. Rs.
The bank's lower tier 2 subordinated bonds have been rated at the same level as its National Long-Term rating based on Fitch's "Criteria for Indian National Ratings of Bank Hybrids and Subordinated Debt".Independent Director Richard Cox – Director Santosh Ramesh Desai . regional concentration. and small market share.02. dated 18 January 2010. Our Team Shailendra Bhandari .13) .Independent Director M Damodaran – Director Vaughn Nigel Richtor – Director Peter Henri Maria Staal – Director Lars Kramer – Director Vikram Talwar .relatively weak profitability compared with peers.Managing Director & CEO Arun Thiagarajan . (From Fitch Ratings Report dated DECEMBER 2011).Part-time Chairman & Independent Director Sanjeev Aga .Independent Director Mark Edwin Newman – Director List of Executive Management Council (updated as of 05.
Branch Banking. Corporate Social Responsibility .Names Shailendra Bhandari. Marketing & Private Clients Country Head .Retail Assets Chief Risk Officer and Chief Compliance Officer Chief Auditor Head .Ashok Rao Meenakshi A Prasad C V G.Human Resources Country Head . Chairman Jayant Mehrotra Janak Desai J M Prasad Brett Morgan Mahesh Dayani Susan Poot B.Wholesale Banking Chief. Invitee Designation Managing Director & CEO Chief Financial Officer Country Head .Operations Chief Information Officer Corporate Statement ING vysya Bank will be an entrepreneurial integrated financial services institution where innovation and transformation are the way of life.
ING Vysya Foundation supported a number of projects. . ING Vysya Foundation commenced its activities in December 2004 with a waterharvesting project in the Udaipur and Rajasmand districts of Rajasthan. ING Life Insurance. the Foundation has been able to strike the right balance between supporting organizations financially and contributing time and effort of the employees to nurture and mentor these children. Through the ING Vysya Foundation. it seeks to provide less advantaged children an opportunity to secure a better future by providing them with education. Born out of three business entities of ING in India. and other facilities for a number of villages. Foundation partners with thirteen local charity organizations in India. and ING Investment Management. ING Vysya Bank. In cooperation with the regional headquarters of ING at Hong Kong. including the rebuilding of homes and schools. the Foundation signed a five-year agreement to support 100 orphans' living and schooling expenses. The Foundation has also been actively involved in relief efforts following the Tsunami that hit the South Indian coast on 26 December 2004. for a better future. in Tamilnadu. As part of the ING Chances for Children programme. Promoting education for under-served children is one such cause which has been very close to the bank. Additional funds. Other initiatives include ING Investment Management's auctions of paintings drawn by street children for the NGO Pratham and ING Vysya Bank's 'Run Ricky Run' in which the bank sent a child back to school for each run the Australian cricket captain Ricky Ponting scored in international one-day matches during a one-year period ending September 2008. set up enabled of a day-care centre with training facilities which is used by the community at large.ING Vysya bank has always been committed to making a positive contribution to Society. Today. North India. The initiative provided villagers with access to clean water and recharged ground-water wells which in turn support the local agricultural industry. Another project included the micro-financing for 40 fishing boats and the attendant equipment for the villages of Mudaliyarkuppam and Arcotuthurai. It helps children to be in the primary schools to realize their right to education as the first step towards breaking the cycle of poverty.
r@ingvysyabank. Chief Financial Officer. Specialized market research remains the bank's focus for the introduction of new tailored products to serve the high-end private banking segment. Dairy.  Retail Banking With 527 branches and 10 counters. Jayant Mehrotra. The bank has rapidly expanded its distribution footprint and has created a national brand presence through several innovative marketing campaigns. Board of Trustee Mr. organized under three strategic lines of business: retail. The bank offers an entire range of financial products and services. Chief Auditor.com.  The wholesale banking business comprises four business sub-segments and multiple product offerings. Company Secretary. ING Vysya Bank Mr. ING Vysya's retail operation offers checking accounts. agricultural/rural banking and retail life insurance products. foreign exchange. ING Vysya Bank Current Operations ING Vysya Bank has over 80 years of operating experience in the banking/financial services & insurance sector and currently serves over 2 million Indian consumers. Appa Rao. please contact Joyatri.  Agriculture and Rural Banking Agriculture and Rural Banking deals with all business related to agriculture and allied activities. transactional and electronic banking products. To make a contribution. are also being offered to cater diverse needs of the farming community.ingvysyafoundation.  Private Banking ING Vysya's private bank operates on an advisory-driven model. Emerging Corporates. term loans and cash management services. Working Capital and Agriculture Term Loans for Poultry. ING Vysya Bank Ashok Rao B. Banking and Financial Institutions and financial markets. The Foundation runs an annual fund raising campaign to help garner support from employees of its three entities for the cause. consumer loans. private and wholesale banking. The business segments Corporate and Investment Banking. Gold Loans. trade and transactional services. The Bank has accelerated retail agricultural lending at a few places in North India and Central India especially in Rajasthan. ING Vysya Bank Mr. J M Prasad. Cold storage units etc. retail wealth management services. savings deposits/CD's. 28 satellite offices and 470 ATM's nationwide. Chief Human Resource. . The bank offers client focused products including working capital finance. loans to SHGs and lending to government sponsored schemes.com or visit www.The Foundation depends on voluntary contributions for all its activities. Corporate/Wholesale Banking The wholesale banking business provides corporate clients in India a range of commercial.
Uttarakhand. . Maharashtra. Gujarat and Madhya Pradesh.
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