NII, the difference between interest earned and interest expended, spiked 59.5 percent to Rs 1,598 crore compared to Rs 1,002 crore in same quarter previous fiscal.
Overall, our wealth management activities produced an improved performance and generated a good return on regulatory capital as a few initiatives are bearing fruit, particularly in Asia Pacific and in Switzerland.
Effective April 1, ING Vysya Bank has merged with Kotak Mahindra Bank creating a Rs 2,00,000 crore institution. The merged entity had a national footprint of 1,200 branches and over 1,900 ATMs.
Sacombank, one of Vietnam's largest partly private lenders, will see an increase of 68.4 percent in its assets after a merger with Phuong Nam Bank
SBS Group has reported a record operating surplus of $26.1 million for the financial year to 31 March 2015, an increase of 18.3% on FY14, and a record net surplus of $19.4 million, an increase of 24.3% on FY14.