ING Vysya Bank is a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms. Established in 1930s, Vysya Bank was formally incorporated in the city of Bangalore, Karnataka. The bank focused on serving the Vysya community, a merchant/trading community operating across Karnataka and Andhra Pradesh. In 1958, the bank was licensed by the Reserve Bank of India (RBI) to expand its banking operations nationwide. In 1972, the RBI upgraded Vysya Bank to a national B class bank. In 1987, Vysya Bank established two independently operating subsidiaries providing equipment leasing and home mortgaging services .In 1994, Vysya Bank began marketing several innovative financial products to the fast-growing Indian middle-class segment. In 1999, Vysya Bank joined the ING Group in co-marketing/distribution of life insurance products in India. The bank have network of 547 branches, 28 satellite offices and 430 ATMs spread across the country. The Bank also launched ING Kisan card, India's first ATM card facility meant exclusively for farmers, linked to their Kisan Credit Card accounts.
Total workforce of ING Vysya bank during the year 2014 extend to 10059 employees. The bank have total market capitalization of Rs. 11,929.42 croresFor the year ended 31 March 2014, the Bank posted a net profit of ` 657.85 Crore compared to ` 612.96 Crore for 2012-13.
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