{"id":41337,"date":"2014-11-22T01:38:00","date_gmt":"2014-11-21T17:38:00","guid":{"rendered":"https:\/\/news.iium.edu.my\/?p=41337"},"modified":"2014-11-22T01:38:00","modified_gmt":"2014-11-21T17:38:00","slug":"kotak-mahindra-to-buy-ing-vysya","status":"publish","type":"post","link":"https:\/\/news.iium.edu.my\/?p=41337","title":{"rendered":"Kotak Mahindra to buy ING Vysya"},"content":{"rendered":"<p>MUMBAI: Indian lender Kotak Mahindra Bank has agreed to buy ING Vysya in an all-share deal valuing its smaller rival at US$2.4 billion (RM8.06 billion), bulking up as analysts predict the start of long-awaited consolidation in a crowded banking sector. Dutch lender ING Groep NV owns roughly a 43 per cent stake in ING Vysya. It will be the second-largest shareholder in Kotak Mahindra after the deal \u201d the largest in the Indian banking sector to date \u201d with a holding of about seven to nine per cent. India has 40 publicly traded banks, 24 of them majority owned by the government. Reuters<\/p>\n<p>To continue reading the rest of the article, click <a href=\"http:\/\/ift.tt\/1vwHCBw\" target=\"_blank\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Indian lender Kotak Mahindra Bank has agreed to buy ING Vysya in an all-share deal valuing its smaller rival at US$2.4 billion (RM8.06 billion),&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[79],"nelio_content":{"isAutoShareEnabled":true,"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"followers":[],"suggestedReferences":[],"efiUrl":"","efiAlt":"","highlights":[],"permalinkQueryArgs":[]},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts\/41337"}],"collection":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41337"}],"version-history":[{"count":1,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts\/41337\/revisions"}],"predecessor-version":[{"id":41338,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts\/41337\/revisions\/41338"}],"wp:attachment":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}