Kotak Mahindra Bank-ING Vysya merger: Expectations for more M&As boost smaller Indian lenders

India’s Kotak Mahindra Bank buys ING Vysya Bank…

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.

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