ING Vysya bank merger with Kotak Mahindra bank

On January 3, 2015 all the employees and officers of ING Vysya Bank expressed their concerns over the issue of merger with concerns, as we all know that from April 1, 2015 ING Vysya Bank is going to merge with Kotak Mahindra Bank.

According to management of Kotak Mahindra Bank, “The employees of ING Vysya Bank would get the pension, but it will not be linked with dearness allowance”. Whereas; the management of ING Vysya Bank is happy on bi-partite negotiations through which the unions of ING Vysya Bank had entered regarding service conditions, but still the officials of Kotak Mahindra Bank are silent regarding commitment on the continuation of existing service and the different conditions on absorption into the new merged entity.

More the 4,000 officer and employees from ING Vysya Bank would be absorbed by Kotak Mahindra Bank in the rolls of the merged entity. As per the statement of Kotak Mahindra Bank management, “The employees of ING Vysya Bank would get the pension, but it will not be linked to dearness allowance”.

After this deal the Kotak Mahindra bank will become the fourth-largest private bank in India in terms of total business, whereas; the other three banks are ICICI Bank, HDFC Bank and Axis Bank in the order of ranks. The combined banking entity of ING Vysya Bank and Kotak Mahindra Bank will have a total network of 1,214 branches in all over the country.

CREDAI-BANM 15th Property exhibition

Event Venue: - CIDCO Exhibition Centre, Vashi.

Date: - Dec. 12, 2014 to Dec. 15, 2014

CREDAI and BANM is going to organize the 15th Property Exhibition for the duration of Dec 12 to Dec 15 in the city Navi Mumbai. CREDAI stands for “The Confederation of Real Estate Developers’ Associations of India” and BANM stands for “Builders Association of Navi Mumbai”, which is the apex body of the organized real estate developers in Navi Mumbai. Whereas; CREDAI is the apex body for private real estate developers in India, which represents 8,800 developers through 20 states and 114 cities.
In present Mumbai is one stop destination for international standards real estate properties for commercial to residential properties. Mumbai is one of the global hot spot for foreign real estate developers and as well as national developers. As we all know that, property investors and buyers have become price and quality conscious and because of that they are searching for affordable property with good quality. In past few decades Indian real estate market is seen to be more investor-friendly as it is attracting the NRIs and foreign investors, which is the main reason for the boost in real estate market that drive demand to greater heights.
As the real estate sector witnessing a positive trend in Mumbai, so it is expected that record number of properties will be exhibit and sold in exhibition, as last year more than 350 properties were sold by the developers under the code of conduct adopted by the members of the CREDAI-BANM. The expo will feature the presence of real estate developers from across Mumbai Metropolitan Region (MMR) and country with the presence of housing finance segment with the organization like; LIC Housing Finance, Tata Capital Housing Finance Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, L&T Finance, Bank of Baroda, Bank of India, Axis Bank, Union Bank of India, Reliance Capital and Canara Bank.
This expo is expected the presence of Bollywood and sports celebrities as in 2013 the same expo has witnessed presence of celebrities like Actor Sunil Shetty and Shilpa Shetty. In property expo there will be plethora of offers housing options for customers to take spot decisions. With the strong membership of more than 1800 leading Developers in Mumbai it is expected that expo will witness the huge success. This year it is expected that participation will be twice as compared to last year.
Life is all about taking the right decision at right time and this time the 15th Property Exhibition 2014 will kicks off at CIDCO Exhibition Centre, Vashi, so it’s great opportunity as it promises something more to everyone who is interested in real estate.