Ing Bank

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  Bank Indonesia Keeps Policy Rate Unchanged At 3.5%, Retains Accommodative Stand: ING

  Amid sluggish global economic growth Bank Indonesia (BI) on Tuesday kept its reverse repurchase rate unchanged at 3.5 per cent

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  Bank Of Canada Preview By ING: 50 BPS Hike and Quantitative Tightening On The Cards

  The Bank of Canada is likely to hike interest rates by 50 basis points this week, with quantitatve tightening on the cards, said James Knightley, Chief International Economist at ING, in a preview research note.

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  Rising CPI Inflation To Keep FX Focus On Fast-Responders, Says ING

  The Russia-Ukraine war has exacerbated rising price pressures globally; with inflation data due for many countries this week, ING says, the currency markets' focus will be on the fast-responders.

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  FX Markets Tell Central Banks' "Go Hard Or Go Home,": ING

  The trades in foreign exchange markets point to an aggressive Federal Reserve as the primary driver, and the Russia-Ukraine conflict is further hurting the currency listed on the other side of the dollar exchange.

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  Russia Reiterates Inflation Targeting Commitment Despite Shocks, Says ING

  The Bank of Russia kept the key rate at 20 per cent, citing inflationary risks and pointing at the budget as the tool to support economic growth, says ING.

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  HSBC Says Performs First Trade Finance Transaction Using Blockchain

  HSBC and Dutch bank ING successfully completed the transaction for food and agricultural group Cargill, the British lender said in a statement.

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  No Communication On Axis-Kotak Bank Merger: Report

  In 2015, Kotak Mahindra Bank completed acquisition of mid-sized private sector ING Vysya Bank for about Rs 15,000 crore. The deal was touted as India's biggest banking merger.

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  S&P Affirms Rating On Kotak Mahindra Bank, Says No Upgrade Likely In 1-2 Years

  S&P Global Ratings said the rating also reflects the bank's increased size and reach following its acquisition of ING Vysya Bank in 2015.

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  ING To Cut About 5,800 Jobs Through 2021 To Reduce Costs

  The bank expects to save about 900 million euros a year through the program, which includes about 2,300 cuts in the Netherlands and about 3,500 in Belgium.

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  ING Sells Rs 3,653-Crore Stake In Kotak Mahindra Bank

  Dutch financial major ING on Thursday offloaded a 2.5 per cent stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

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  ING Selling Stake Worth $300 Million In Kotak Mahindra Bank: Report

  Dutch financial services company ING Group is selling a $300-million stake in Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters.

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  Banks Warn Of Difficult Trading Conditions Around Brexit Vote

  Dutch bank ING and France's Societe Generale have written to clients to warn them of difficult trading conditions in financial markets and large gaps in pricing of assets when Britain votes next week on European Union membership.

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  Kotak Mahindra Bank Expects 20% Credit Growth In FY17

  Kotak Mahindra bank expects about 20 per cent growth in credit during the current fiscal, a senior executive said on Monday.

• ING's Profit Jumps on Sale of Indian Unit

  The net profit of 1.36 billion euros ($1.48 billion) was a 27 per cent rise from the April through June period last year, but the increase was entirely due to the sale of ING's Indian subsidiary Vysya Bank for 367 million euros.

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  Kotak Mahindra Bank Falls 4% As Q1 Net Plunges 56%

  Shares of Kotak Mahindra Bank fell over 4 per cent on Friday after the India's fourth-biggest private sector lender by assets reported a 56 per cent fall in its net profit for the June quarter.