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After Kotak Mahindra’s ING Vysya Bank buy, small private banks prime targets: Check out the ‘small fry’

After ING Vysya Bank, several old-generation private banks could turn out to be the potential…

After ING Vysya Bank was taken over by Uday Kotak-led Kotak Mahindra Bank, several old-generation private banks could turn out to be the potential takeover targets for bigger banks and new promoters to expand their reach and business. There is negligible or nil promoter holding in over six old-generation private banks, which makes them an attractive proposition.

Federal Bank:
A leading private bank based in Kerala with 1,214 branches, it has no promoter, with foreign investors holding 37.65% stake and domestic institutions 27.05%.

South Indian Bank:
There is no promoter stake in this Kerala-based bank; FIIs hold 40.54% stake and domestic institutions 10.72%.

Karur Vysya Bank:
Promoters hold just 2.22% stake, while FIIs have 3.87% stake and domestic institutions 42.38%.

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Dhanlaxmi Bank:
There is no promoter holding while FIIs hold 22.71% and domestic institutions 0.44%.

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Lakshmi Vilas Bank:
Promoters hold just 9.61% stake.

Karnataka Bank:
No promoters in the bank while public and others hold 70% stake.

Catholic Syrian Bank:
There was tussle for control of this unlisted Kerala-based bank in the 1990s.

City Union Bank:
The 100-year old bank (originally known as Kumbakonam Bank) based in Tamil Nadu has no promoter. FIIs hold 33% stake.

Tamilnad Mercantile Bank:
Witnessed intense tussle for control between two Nadar community factions in the late ‘90s. Then the Essar group and foreign investors led by Ramesh Vangal eyed the bank.

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