Accounts Project

Banking Sector in India
The banking system in India is controlled under the supervision of Reserve Bank of India, which was established on April 1, 1935. All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks, financial institutions and non-banking finance companies (RBI, AboutusDisplay).
ING Vysya Bank
ING Vysya Bank Ltd is a premier bank in the Indian private sector and member of the global financial giant ING. By the estimates of December 2010, ING 's total assets exceeded 1247 billion euros, with an underlying net profit of 3893 million euros, employed around 105000 people, serve over 85 million customers, across 40 countries. Its mission is to become a leading, global, client-focused, innovative and low-cost provider of financial services through the distribution channels of the client 's preference in markets where ING can create value. (ING, About Overview)
Awards
1. ING Vysya Bank was awarded the 'Safest Banker ' by The New Indian Express, 2012 2. ING was included in the 2011 DJSI World Index - the longest-running global sustainability benchmarks worldwide 3. It was ranked as top 5 Private Sector Banks in the country by Economic Times Brand Equity 2011 4. ING Converge, was chosen as the 'Best Corporate Internet Banking Initiative, 2012 ' across Asia by the Asian Banker Technology Awards 2011, amongst 50 banks from 14 countries. 5. We were rated as the 'Top Rupee Forecaster ' (against US Dollar) for the trailing six quarters finding December 2011 by Bloomberg. 6. Wholesale Banking Unit was ranked 12th in the Underwriter Ranking of the Bloomberg League Table covering 'All India Private Placement of Bond Issuances '. 7. CIOL 2011 award for Corporate and Business Banking Portal. (ING, Awards Page)
ING Vysya Bank Ltd has a part time chairman as Mr. Arun Thiagarajan, managing

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