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Corporation Bank

BSE: 532179 | NSE: CORPBANK | Series: NA | ISIN: INE112A01023 | SECTOR: Banks - Public Sector

BSE Live

Mar 19, 16:00
9.85 0.00 (0.00%)
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  • Bid Price (Qty.)

    9.80 (955)

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    10.25 (1)

Corporation Bank is not traded on BSE in the last 30 days

NSE Live

Mar 19, 15:50
9.80 0.00 (0.00%)
No Data Available
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  • Open Price


  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    9.80 (1250)

Corporation Bank is not traded on NSE in the last 30 days
Company History - Corporation Bank
 - The Company was Incorporated at Udipi.  The Bank transacts banking
 business of every description.  The undertaking of the Corporation
 Ltd., was taken over by Government by an Ordinance promulgated on
 April, 1980 viz., Banking Companies (Acquisition and Transfer of
 Undertakings) Ordinary, 1980 and vested in a new bank under the name
 Corporation Bank.
 - The Bank sponsored a RRB under the name The Chikmagalur-Kodagu
 Grameen Bank.
 - Rs 10 lakhs contributed by Govt.
 - Rs 440 lakhs contributed by Govt.
 - Rs 200 lakhs contributed by Govt.
 - Rs 400 lakhs contributed by Govt.
 - Rs 500 lakhs contributed by Govt.
 - Rs 2000 lakhs contributed by Govt.
 - Rs 3000 lakhs contributed by Govt.
 - Rs 4500 lakhs contributed by Govt.
 - Total Branch Automation package was launched in 46 branches taking
 the total number of branches under TBA project to 151.
 - Rs 30,00,00,000 returned during the year.
 - As at 31st March, the banks per capital investment under the IRDP
 Rs 9000.
 - The Bank established the Corporation Bank Self Employment Training
 (COBSET) Institute at Chikmagalur in co-ordination with Government
 Karnataka.  It conducted Radio & TV repairs, motor rewinding screen
 printing, mushroom cultivation etc.
 - The Banks is one of the Co-promoters of a Primary Dealer in Govt.
 Securities, which has been promoted by Canara Bank viz.  Gilt
 Securities Trading Corporation of India Ltd.
 - 84 branches were provided with Satellite based Communication
 System (E-Mail taking the total number of branches) with E-Mail
 connectivity to 219.
 - Corporation Bank has cut its prime lending rate to 13.5 per cent
 14 per cent and will be entering the capital market on September 24
 with a public issue of equity shares at the rate of Rs 80 per share
 which the bank board has considered reasonable at a price to earning
 ratio of 5.2 and price to book value of just 1.6.
 - According to Hugar, Corporation Bank is the only bank in the
 to set up specialised collection and payment service branches.  The
 first branch has been set up in Bangalore.
 - Corporation Bank is working on a joint venture with National
 Bank (NHB) to form a housing finance company.  The public sector
 last month submitted the proposal to Reserve Bank of India (RBI).
 - The Reserve Bank of India has in principle approved
 Corporation Bank's proposal for setting up a wholly owned housing
 finance subsidiary.
 - Corporation Bank has obtained registration for its first wholly
 subsidiary - Corp-bank homes Ltd - from the National Housing Bank.
 - Corporation Bank is setting up a housing finance subsidiary,
 Homes Ltd, which will be inagurated on 22nd May in Mangalore.
 - As part of the golden jubilee celebration of India's Independence,
 Corporation Bank has created two endowments for promotion of
 in Dakshina Kannada district.
 - Corporation Bank has entered into a strategic alliance with the
 Holding Corporation of India Ltd., (SHCIL).
 - Corporation Bank is the first public sector bank to launch the
 bullion scheme for jewellery exporters following the necessary
 amendments made by the Maharashtra State Government in the Mumbai
 Tax Act of 1959.
 - Close on the heels of having set up a housing finance subsidiary,
 Corporation Bank has drawn up plants to become a primary dealer in
 money markets and has initiated talks with foreign majors for
 into the insurance field as soon as the sector opens up.
 - Corporation Bank is confident of its subsidiary doing well in the
 primary dealership firm as the bank has one of the most active
 departments among public sector banks.
 - The Industrial Finance Branch of the Bank in New Delhi has
 the ISO 90002 certificate issued by Det Norske Veritas, Netherlands.
 - The Bank has entered into a Strategic Business Alliance with
 Netsavvy Solutions Pvt. Ltd., a Chennai-based company, to provide
 Internet banking facilities to its customers.
 - The Bank has launched its tele-banking facilities called `Corp
 at its home city-Managalore and Udupi in Karnataka.
 - The Bank has become the first public sector bank in the country to
 adopt US GAAP accounting standards.
 - Chennai-based Laser Soft Infosystems Ltd, exclusively focussed on
 developing software suited to the banking industry, has signed a
 contract recently with the Corporation Bank to bring about total
 automation through a unique concept called `cluster banking'.
 - Public Sector Corporation Bank will enter a three way tie-up to
 into the life insurance sector ad has created a separate divsion
 the bank to speed up the entry procedure.
 - Corporation bank chose Chennai for launching its `Any branch
 product covering the 12 computerised branches in the city.
 - Corporation Bank has launched Corp Access - the bank's any branch
 banking product at Chennai.
 - has tied up with Corporation Bank to display its
 products on the investment site of SalakharIndia.
 - S K Cherian Varghese has been appointed by hte Reserve Bank of
 as the chairman and managing director of Corporation Bank for five
 - The Bank has launched a payment processing centre for its
 - Corporation Bank has launched its Internet-based cash management
 service for its corporate customers.
 - The State-run Corporation Bank is proposing to introduce demat
 services on its own to its customers early in the month of March.
 - Mr. P.K. Gupta has been appointed as the Wholetime Director
 designated as Executive Director effective from February 23, in
 of Mr. N.S. Gujral.
 -Corporation Bank's house magazine Kshema has won `The best
 content award 2000' in the all-India house journal competition,
 organised by Mayarm Surjan Foundation, Rajpur.
 - Corporation Bank has informed that in exercise of the powers
 conferred by the provisions of Banking Companies. The Central
 Government has appointed Shri Ramesh Chander Chandiwala, as
 Non-Executive Director of the Bank for a period of three years with
 effect from November 05, 2001.
 - Central Govt. nominates Pradeep Kumar as Non-Executive Director of
 Corporation Bank.
 -Corporation Bank has informed that the following Directors on the
 Board of the Bank have retired on July 04, 2002, on completion of
 their term of office. 1. V K Chanana, 2. B Ganapath Pai 
 3. K K G Pillai, 4. Dushyant Tyagi.
 -Corporation Bank has informed that at the 5th Annual General Meeting
 of the Shareholders held on July 24, 2002 the following shareholders
 were declared elected as Directors on the Board of the Bank,
 representing the shareholders.
 1. Shri S Ravi
 2. Shri A Ramamurthy 
 3. Shri Dushyant Tyagi
 4. Shri S B Mathur
 5. Shri K K G Pillai
 6. Shri V K Chanana
 The above Directors are deemed to have assumed office with effect
 from July 25, 2002. The term of office of the above Directors will be
 three years upto July 24, 2005.
 - Shri K Venugopal, Director on the Board of the Bank has resigned as
 Director with effect from September 12, 2002.
 - Corporation Bank has obtained the right to host ATMs at 14 stations
 of the Western Railway. Western Railway had invited bids for 51
 stations starting from Churchgate (Mumbai) to Vapi (Gujarat)s
 - National Bank for Agriculture and Rural Development (Nabard) and
 Corporation Bank have signed a MoU for the co-financing of hi-tech
 agricultural, agro-processing and export-oriented projects. Joint
 financing by these banks would help accelerate capital formation in
 rural areas 
 - Corporation Bank has informed that Shri A Ramamurthy, Director on
 the Board of the Bank expired on February 23, 2003.
 - Corporation Bank on March 25, inaugurated 33 new outlets within
 premises of the Life Insurance Corporation. These service outlets,
 which includes extension counters and automated teller machines are
 spread across the states of Punjab, Delhi, Rajasthan, Jharkhand,
 Orissa, Maharashtra, Goa, Karnataka and Tamil Nadu
 - Corporation Bank has informed that the Central Government has
 nominated Shri D N Prakash as Officer Employee Director on the Board
 of the Bank for a period of three years from March 26, 2003 and
 thereafter until his successor has been nominated or untill he ceases
 to be an officer of the Bank, whichever is earlier.
 - The Chairman and Managing Director (CMD) of Corporation Bank, Mr K.
 Cherian Varghese, received two `regional awards' for the years
 2000-2001 and 2001-2002 on behalf of the Town Official Language
 Implementation Committee (TOLIC) of Mangalore for the contribution
 made towards the implementation of the official language policy of
 the Government.
 -Corporation Bank has informed the Exchange that Shri Ramakant
 Vashishtha, shareholder of the Bank is deemed elected on June 30,
 2003 as Director on the Board of Bank, representing the shareholders
 of the Bank.
 -Corporation Bank has informed that Shri Ramakant Vashishtha,
 shareholder of the Bank is deemed elected on June 30, 2003 as
 Director of Board of the Bank, representing shareholders of the
 - Corporation Bank has entered into an alliance with ECGC (Export
 Credit Guarantee Corporation) for a corporate agency tie-up.
 -Donates Rs 1 crore to  Prime Minister's National Relief Fund
 -Signed MoU to collaborate with Eicher for financing tractors to
 -Corporation Bank bags Forbes Award
 - Corporation Bank has signed an agreement with DSP Merrill Lynch
 Mutual Fund
 -Corporation Bank inks pact with Toyota Motors
 -Corpn Bank signs Memorandum of agreement with Honda Siel Power
 Products Ltd. to provide easy loans for purchasing Honda power
 -Government of India nominates Smt. Uma Shankar, General Manager,
 Reserve Bank of India, Bangalore, as a Director on the Board of the
 Bank w.e.f. January 9, 2004 until further orders, vice Shri G.K.
 -Andhra Bank inks pact with Corpn Bank to share ATMs
 -Corpn Bank opens 5 more branches in Bangalore
 -Corpn Bank, Texmo in tango for agri-pumpsets
 -Corpn Bank gets Best Public Sector Bank award
 -Ties up with Tractors and Farm Equipment Ltd for financing tractors
 to farmers
 -Government of India has appointed Shri Ch. Hanumantha Rao as a
 Workman Employee Director on the Board of the Bank
 -Corporation Bank, Tanishq and World Gold Council (WGC) have entered
 into a tie-up to offer finance scheme to their customers for the
 purchase of gold jewellery
 -Ties up with Bajaj Auto Ltd to finance two wheelers
 -Corporation Bank has signed a memorandum of understanding with SAME
 Deutz-Fahr India (P) Ltd for financing its tractors to farmers.
 -Corporation Bank and ICFAI University have signed a memorandum of
 understanding (MoU) to publish research papers submitted and
 discussed at the Bank Economists' Conference (BECON) 2002, as books
 -Inks MoU with Greaves Cotton Ltd. for financing farm machines to
 -Corporation Bank has entered into an agreement with the Indian
 Railway Catering and Tourism Corporation (IRCTC) for online booking
 of railway tickets
 - Corporation Bank wins prestigious 'Best Bank Award for Delivery
 Channels' from the Institute for Development and Research in Banking
 Technology (IDRBT), sponsored by RBI.
 - Corporation Bank jointly with New India Assurance  launches a
 mediclaim scheme with a cashless facility for the bank's ATM and
 debit cardholders, called Corp Mediclaim
 -Corpn Bank rolls out Kisan Card for farmers
 -Corporation Bank inks agreement with IL&FS Investsmart for offering
 capital market services to the bank's customers
 -Corporation Bank opens CAPS branch
 -Corpn Bank gets 'Outstanding Achiever of the Year' award
 -Corp Bank to introduce hi-tech products
 -Corporation Bank unveils 3 schemes for SMEs
 -Corporation Bank has informed that Shri Ramakant Vashishtha,
 Shareholders Director on the Board of the Bank has resigned as
 Director with effect from October 23, 2006.
 -Corporation Bank to acquire Oman exchange company
 -Corporation Bank sets up hi-tech library
 -Corporation Bank has informed that Shri. D N Prakash, Officer
 Employee Director on the Board of the Bank is ceased to be member of
 the Board of the Bank effective from March 08, 2007.
 - Corporation Bank has joined hands with Mumbai's dabbawallas to
 source clients for offering banking services.
 -Corporation Bank has entered into Memorandum of Understanding (MOU)
 with CRISIL Ltd for Rating of Small & Medium Enterprises (SMEs),
 Small Scale Industries (SSIs) and Facility Rating of corporates as
 required under BASEL II.
 -Corporation Bank has has signed a Memorandum of Understanding with
 Credit Analysis & Research Ltd (CARE) on December 20, 2007 for
 assigning credit rating to SME units and also Bank loan Rating to
 existing / prospective customers of the Bank.
 - Corporation Bank has appointed Shri. Asit Pal,Genera] Manager, Bank
 of Baroda as a Whole Time Director (designated as Executive Director)
 of the Bank up to November 30, 2010.
 - Corporation Bank has declared national excellence awards for 21
 entrepreneurs comprising of micro, small and medium entrepreneurs and
 an emerging corporate
 -Corporation Bank rolls out reverse mortgage scheme
 - Corporation Bank has signed MoU with Mahindra & Mahindra (M&M) Ltd
 and its joint venture company, Mahindra Navistar Automotives Ltd
 (MNAL), for vehicle finance.
 -Corporation Bank has inked a pact with TVS Motor Company for
 financing 'TVS King' (passenger auto-rickshaw). Under the agreement,
 customers will have to pay 15 per cent of the on-road price to avail
 themselves of the loan with low interest rate options.
 - Corporation Bank has appointed Shri Narendra Singh, General
 Manager, Allahabad Bank as a whole time director (designated as
 Executive Director) Of the bank.
 - Corporation Bank has received SKOCH Challenger Award 2010 for
 'Inclusion Champion of the Year', instituted by SKOCH Consultancy
 Services Pvt Ltd.
 - Corporation Bank has informed BSE that in exercise of the powers
 conferred by clause (c) of sub-section (3) of section 9 of the
 Banking Companies (Acquisition and Transfer of Undertakings) Act,
 1970/1980 read with sub-clause (1) of clause 3 of the Nationalised
 Banks (Management and Miscellaneous Provisions) Scheme 1970/1980, the
 Central Government has nominated Smt. Grace Koshie, as the Director on
 the Board of the Bank with effect from 30lh July 2010 until further
 orders, vice Shri M. A. Srinivasan.
 -Corporation  Bank launches a mobile wallet payment system.
 -Shri C. G. Pinto, General Manager is appointed as the Chief
 Financial Officer of the Bank & Shri P. R. Karanth as General
 -Corporation Bank appoints L. K. Meena as director
 - The Bank has appointed M/s. Suresh Chandra & Associates, New Delhi
 as new Statutory Central Auditors of the Bank for the year 2011-12
 -Shri S K Dash has been appointed as Company Secretary of the Bank.
 -Corporation Bank offers concessional loans to SMEs in festive
 -Corporation Bank has recommended a dividend of 205% i.e. Rs. 20.50
 per share of the face value of Rs. 10/- each.
 - Corporation Bank inks MoU with warehousing firm
 -Corporation Bank to set up additional SME loan centers across India
 -Corporation Bank Tie-up with Thomas Cook and Master Card
 -Corporation Bank launches EMV compliant forex travel card
 -Corporation Bank Bags Indira Gandhi Official Language Awards
 Instituted by Ministry of Home Affairs, Government of India.	
 -Corporation Bank launches Tier-I bonds 
 -Corporation Bank inks MoU with New India Assurance
 -Indian Army, Corporation Bank sing MoU on defence salary package
 -The Bank bagged the Best MSME Bank Award 2016 instituted by The
 Associated Chambers of Commerce & Industry of India (ASSOCHAM).
 -The Bank has bagged Excellence Award on Empowering MSMEs 2016. 
 -The Bank has bagged SKOCH Achiever Award - 2016 for National SME
 -The Bank bagged ten awards from NABARD for Best Performance under
 Self Help Group (SHG)/Joint Liability Group (JLG) Bank Linkage
 Programme in Karnataka state for the F.Y. 2013-14 & 2014-15.