India’s Kotak Mahindra Bank buys ING Vysya Bank in record $2.4 bln share deal.
Deal to raise speculation over likely mergers in the sector – Traders.
Lenders that markets see as potential acquisition candidates rise.
Karnataka Bank 2.3 pct.
Karur Vysya Bank 2 pct
City Union Bank 2 pct
Lakshmi Vilas Bank 1.4 pct
Dhanlaxmi Bank 4.2 pct
South Indian Bank 3.4 pct
Those markets see as potential suitors also edge higher. ICICI Bank and Axis Bank up 0.2 pct each.