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  • RBI excludes 6 PSBs from Second Schedule of RBI Act Sep 30, 2020 09:22 PM IST

    RBI excludes 6 PSBs from Second Schedule of RBI Act

    A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'. These six banks merged with other public sector banks (PSBs) with effect from April 1.

  • Merged PSBs to ensure no disruption to credit flow, enhanced customer experience: FinMin Mar 12, 2020 08:30 PM IST

    Merged PSBs to ensure no disruption to credit flow, enhanced customer experience: FinMin

    Finance Minister Nirmala Sitharaman on March 12 held meetings with chief executives of these banks, including Andhra Bank, Corporation Bank and Union Bank of India.

  • Corporation Bank Q3 net jumps to Rs 421cr on higher interest income, NPA still high Feb 07, 2020 05:05 PM IST

    Corporation Bank Q3 net jumps to Rs 421cr on higher interest income, NPA still high

    Income increased to Rs 6,051.93 crore, from Rs 4,112.29 crore, the lender said in a regulatory filing.

  • Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December Dec 13, 2019 03:28 PM IST

    Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December

    According to sources, Essar Steel and Ruchi Soya's resolution is likely to be completed on December 16 while Bhushan Power resolution is likely by the end of December.

  • Corporation Bank share price jumps 68% in 3 days after Essar Steel case resolution, CEO commentary Nov 19, 2019 04:27 PM IST

    Corporation Bank share price jumps 68% in 3 days after Essar Steel case resolution, CEO commentary

    Corporation Bank, along with Andhra Bank, will be merged with Union Bank, which is expected to take effect from April 1, 2020.

  • Corporation Bank to raise up to Rs 1,000 crore by issuing Basel III compliant bonds Nov 07, 2019 09:00 PM IST

    Corporation Bank to raise up to Rs 1,000 crore by issuing Basel III compliant bonds

    The bank is issuing Basel III compliant tier-2 bonds 2019-20 series of Rs 500 crore with green shoe option up to Rs 500 crore on private placement basis, it said in a regulatory filing.

  • Corporation Bk Standalone September 2019 Net Interest Income (NII) at Rs 1,334.44 crore, down  8.45% Y-o-Y Nov 07, 2019 11:55 AM IST

    Corporation Bk Standalone September 2019 Net Interest Income (NII) at Rs 1,334.44 crore, down 8.45% Y-o-Y

  • Corporation Bk Consolidated September 2019 Net Interest Income (NII) at Rs 1,336.34 crore, down  8.32% Y-o-Y Nov 07, 2019 11:53 AM IST

    Corporation Bk Consolidated September 2019 Net Interest Income (NII) at Rs 1,336.34 crore, down 8.32% Y-o-Y

  • Canara, Corporation Bank, others introduce repo linked loan products Sep 30, 2019 10:26 PM IST

    Canara, Corporation Bank, others introduce repo linked loan products

    Canara Bank in a regulatory filing said Repo Rate Linked Lending Rate (RLLR) of the bank for retail loans and Micro, Small and Medium Enterprises (MSME) is 8.30 per cent with effect from October 1.

  • BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth Aug 19, 2019 05:30 PM IST

    BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth

    The consultations were held over a period of two days from August 17-18 under the direction of Department of Financial Services, Ministry of Finance.

  • RBI slaps fines on 11 banks for delay in reporting fraud Aug 05, 2019 09:55 PM IST

    RBI slaps fines on 11 banks for delay in reporting fraud

    PNB and Oriental Bank of Commerce, in an exchange filing on August 3, said that the penalty was relating to the account of Kingfisher Airlines.

  • Corporation Bk Standalone June 2019 Net Interest Income (NII) at Rs 1,298.67 crore, down  16.98% Y-o-Y Aug 05, 2019 11:59 AM IST

    Corporation Bk Standalone June 2019 Net Interest Income (NII) at Rs 1,298.67 crore, down 16.98% Y-o-Y

  • RBI slaps fine on eight public sector banks for violating norms Aug 02, 2019 06:52 PM IST

    RBI slaps fine on eight public sector banks for violating norms

    Bank of Baroda, Bank of India, Indian Overseas Bank and Union Bank of India were fined Rs 1.5 crore each, while Allahabad Bank and Bank of Maharashtra were penalised Rs 2 crore each. Oriental Bank of Commerce was penalised with Rs 1 crore, the RBI said.

  • Corporation Bank donates Rs 3.38 cr for cyclone Fani victims in Odisha Jun 22, 2019 08:05 PM IST

    Corporation Bank donates Rs 3.38 cr for cyclone Fani victims in Odisha

    The cheque was handed over by Corporation Bank MD P V Bharathi to state Chief Minister Naveen Patnaik on June 18, the bank said in a statement.

  • Corporation Bank plans to raise Rs 5,000 crore in FY20 Jun 16, 2019 12:06 PM IST

    Corporation Bank plans to raise Rs 5,000 crore in FY20

    The bank said it will create such number of equity shares and/or debt instruments on a private placement/public issue for investors for an amount not exceeding Rs 5,000 crore in one or more tranches.

  • Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85% Jun 14, 2019 04:54 PM IST

    Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85%

    Corporation Bank's tenor based MCLR, for all new rupee loans and advances including renewals, is revised with effect from June 15 2019, a BSE filing said.

  • Corporation Bk Standalone March 2019 Net Interest Income (NII) at Rs 1,183.62 crore, down  9% Y-o-Y May 18, 2019 07:23 PM IST

    Corporation Bk Standalone March 2019 Net Interest Income (NII) at Rs 1,183.62 crore, down 9% Y-o-Y

  • Corporation Bank posts loss of Rs 6,581 cr in Q4 as provisioning doubles May 17, 2019 07:09 PM IST

    Corporation Bank posts loss of Rs 6,581 cr in Q4 as provisioning doubles

    The total income of Corporation Bank during the fourth quarter of 2018-19 stood at Rs 4,187.65 crore down from Rs 4,642.45 crore in the same period of the previous fiscal, the lender said in a regulatory filing.

  • Corporation Bank cuts benchmark lending rate by 5bps Mar 14, 2019 09:38 PM IST

    Corporation Bank cuts benchmark lending rate by 5bps

    The new rates are effective from March 15, Corporation Bank said in a regulatory filing.

  • Opinion | RBI needs a financial dashboard for its PCA framework Mar 07, 2019 04:16 PM IST

    Opinion | RBI needs a financial dashboard for its PCA framework

    RBI collects a lot of data and needs to figure ways to present it in a better manner

  • Editor's Take | RBI removes 3 banks from PCA framework Feb 27, 2019 05:20 PM IST

    Editor's Take | RBI removes 3 banks from PCA framework

    Anupa Kujur is in conversation with Moneycontrol's Deputy Executive Editor, Ravi Krishnan to discuss RBI's move to lift restrictions on the banks under PCA framework

  • 19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report Feb 20, 2019 10:56 AM IST

    19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report

    The rise in the pace of the write-off exercise indicates that write-offs may be sizeable in the current year too.

  • Corporation Bank swings into the black with Rs 60.53 crore profit in Q3 Feb 11, 2019 06:15 PM IST

    Corporation Bank swings into the black with Rs 60.53 crore profit in Q3

    The bank said its provisioning for non-performing assets (NPAs) or bad loans was reduced to Rs 842.28 crore for the latest quarter as against Rs 2,494.71 crore in the same period a year ago.

  • Corporation Bk Standalone December 2018 Net Interest Income (NII) at Rs 1,303.02 crore, up  3.13% Y-o-Y Feb 11, 2019 05:47 PM IST

    Corporation Bk Standalone December 2018 Net Interest Income (NII) at Rs 1,303.02 crore, up 3.13% Y-o-Y

  • P V Bharathi appointed MD and CEO of Corporation Bank Dec 24, 2018 08:00 PM IST

    P V Bharathi appointed MD and CEO of Corporation Bank

    In another order, the ministry said Birupaksha Mishra and Balakrishna Alse S have been appointed as executive director in the Corporation Bank and the Oriental Bank of Commerce, respectively.

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