IVBLIllinois Valley Branch Library (Cave Junction, OR)
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As compared to its peer Indusind Bank & Yes bank, IVBL is trading at a discount at 1.
ING's (NYSE:ING) commitment to India extends beyond IVBL to two other financial services companies that it partly owns and the bank remains committed to expanding its businesses in the country.
While ING's liability is technically restricted to its equity investment in IVBL, given that the bank is a global financial conglomerate and that IVBL bears the ING name, its financial support in case of need is likely to go beyond its explicit legal liability.