Under Indian law, this move allowed ING to increase its total equity holdings in Vysya Bank from 20% to 44%.

Peter Alexander Smyth and Jacques PM Kemp were appointed to the board of the newly formed ING Vysya Bank.

ING Vysya Bank then appointed Bart Hellemans as CEO and managing director (MD) and G Mallikarjuna Rao as chairman of the board.

In 2005, ING Vysya Bank named Ned Swarup to the CEO and MD role.

Under Mr Richtor's leadership, ING Vysya went private and delisted from the Bangalore Stock Exchange.

[11] Having completed his three-year term in India, Vaughn Richtor was promoted to CEO of ING Banking Asia.

Mr Thiagarajan was selected for his vast international experience across strategic planning, economics and finance, technology and systems.

[13] As of January 2013, ING Group announced plans to divest itself of its Indian insurance and investment management businesses through the sale of its 26% interest in ING Vysya Life Insurance Company Ltd. to its joint venture partner Exide Industries Ltd.[14] ING Vysya Bank has competed in the banking/financial services and insurance markets for over 80 years and currently serves over two million Indian consumers.

The bank has rapidly expanded its distribution footprint and has created a national brand presence through several innovative marketing campaigns.

Working Capital and Agriculture Term Loans for poultry, dairy, cold storage units etc.