by Yogi P - October 5, 2023

Full form of IVB

IVB stands for ING Vysya Bank. It is a privately owned Indian multinational bank with retail, wholesale, and private financial services. It was founded in 2002 when the Dutch ING Group acquired a majority stake in Vysya Bank.

Functions of IVB

IVB offers a wide range of financial services and products to individuals, businesses, and the government. These include:

• Private banking: ING Vysya’s private bank works on an advisory-driven model and focuses on advanced market analysis to launch new targeted products for high-end clients.
• Retail banking: IVB offers savings deposits, cheque accounts, retail banking and wealth management, consumer loans, rural or agricultural banking, and retail life insurance products.
• Wholesale banking: IVB offers a variety of financial, transactional, and electronic banking products to corporate customers in India. These include financing for capital expenditures, trading and transaction-based services, foreign exchange, term loans, and cash management services.
• Agriculture and rural banking: IVB works with all agricultural and allied companies, gold loans, SHG loans, and loans to government-sponsored projects. It also provides working capital and agriculture term funding for dairy, poultry, storage units, and so on.

IVB has a network of over 540 branches and 470 ATMs across India. It also has a presence in international markets, with branches in London, Singapore, and Dubai.

Conclusion

IVB is a leading Indian private sector bank with a strong track record of performance. It offers a wide range of financial services and products to individuals, businesses, and the government. IVB is committed to providing its customers with the best possible service and helping them to achieve their financial goals.