ING Vysya Q3FY08 Results

ING Vysya Bank Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Bank has posted a net profit of Rs 427.50 million for the quarter ended December 31, 2007 as compared to Rs 143.30 million for the quarter ended December 31, 2006. Total Income has increased from Rs 3708.70 million for the quarter ended December 31, 2006 to Rs 5280.60 million for the quarter ended December 31, 2007.

ING Vysya QIP issue

ING Vysya Bank Ltd has informed based on the analysis of bids received from the qualified institutional buyers pursuant to the proposed issue of Equity Shares through qualified institution placement ("QIP") under Chapter XIII-A of SEBI (Disclosure & Investor Protection) Guidelines 2000 and in consultation with Enam Securities Pvt Ltd, the Lead Manager, the Managing Director and the Chief Financial Officer of the Bank, pursuant to the authority conferred by the Board resolution dated October 06, 2007 have decided the Issue Price for the QIP as Rs 310/- (including a premium of Rs 300/- per Equity Share) per Equity Share of the face value of Rs 10/- each.

Further the Bank has informed that, the QIP issue was closed on November 08, 2007.

ING Vysya Bank Q2 Results

NG Vysya Bank Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Bank has posted a net profit of Rs 459.80 million for the quarter ended September 30, 2007 as compared to Rs 413.90 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3771.20 million for the quarter ended September 30, 2006 to Rs 5243.00 million for the quarter ended September 30, 2007.

ING Vysya Bank

With reference to the news item appearing in a leading financial daily titled "ING in buy-out talks with Centurion, Kotak", ING Vysya Bank Ltd has clarified that the Bank is not in talks for acquiring its stake either in Centurion Bank of Punjab or Kotak Mahindra Bank.