Corporation Bank (Delisted) share news and announcements

BSE: 532179

Last traded ₹9.80 on 19 Mar 2020

Delisted on 27 May 2020.

Corporation Bank share news and announcements

1,480 announcements, routine notices left out, newest first. Page 29 of 30.

  1. Dec 2008

    • 1 Dec · Updates

      Due to unavoidable causes, the Deemed date of allotment has been extended to December 03, 2008 (including consequential changes) for raising of Lower Tier -II Bond [Series (III)(1)] of Rs.200 crore.

  2. Nov 2008

    • 28 Nov · Updates

      Corporation Bank had informed the Exchange that the Board of Directors of the Bank at their meeting held on September 16,2008 approved the proposal for raising of: 1) Tier I Bond / perpetual Bonds to the extent of Rs.600 crore. 2) Upper Tier-II Bond to the extent of Rs.1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs.1200 crore. The Bank has now informed the Exchange that the bank has proposes to issue Lower Tier-II Bonds [Series (III) (1)] for Rs.200 Crore. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 19 Nov · Change in the constitution of the board

      Corporation Bank had informed the Exchange regarding the appointement of Shri V. Raghuraman as the Workmen Employee Director from November 14, 2008 for a period of 3 years. Consequent to this Shri CH Hanumantha Rao, Workmen Employee Director ceased to be a Director".

    • 17 Nov · Change in the constitution of the board

      In exercise of powers conferred by clause (e) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause 2(a) of clause 9 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, hereby appointed Shri V. Raghuraman ,Special Assistant of the Bank as Workmen Employee Director on the Board of Directors of the Bank with effect from 14.11.2008 for a period of 3 years i.e. upto 13.11.2011 or until he ceases to be a Workmen Employee of the Bank or until further orders, whichever is earliest

    • 7 Nov · Change in the constitution of the board

      In exercise of powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, in consultation with the Reserve Bank of India, appointed Shri. Jag Mohan Garg, Executive Director, Punjab National Bank as Chairman & Managing Director of the Bank from the date of his taking charge for a period up to 31st July 2010. Shri. Jag Mohan Garg has joined the Bank on 06.11.2008.

    • 6 Nov · Updates

      Taking cue from RBI's liquidity improvement measures such as reduction in SLR/CRR and Repo rate, Corporation Bank Benchmark Prime Lending Rate [BPLR] has revised downward by 75 basis points to 13.25% from 14% p.a. With effect from 10.11.2008

    • 3 Nov · Change in the constitution of the board

      Shri B. Sambamurthy, Chairman and Managing Director of the Bank has retired from the services of the bank on 31st October 2008, on attaining superannuation

  3. Oct 2008

    • 25 Oct · Results

      Standalone Results for the half year ended on 30-SEP-2008 as follows: Interest earned of Rs. 273748.49 lacs for the half year ending on 30-SEP-2008 against Rs. 216417 lacs for the half year ending on 30-SEP-2007. Interest expended of Rs. 195277.11 lacs for the half year ending on 30-SEP-2008 against Rs. 145712 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 37580.79 lacs for the half year ending on 30-SEP-2008 against Rs. 33849 lacs for the half year ending on 30-SEP-2007.

    • 25 Oct · Results

      Standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 144875.38 lacs for the quarter ending on 30-SEP-2008 against Rs. 106375 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 104208.55 lacs for the quarter ending on 30-SEP-2008 against Rs. 70920 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 19151.12 lacs for the quarter ending on 30-SEP-2008 against Rs. 16138 lacs for the quarter ending on 30-SEP-2007.

    • 16 Oct · Change in the constitution of the board

      In exercise of powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3, sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, after consultation with Reserve Bank of India, appointed Shri Asit Pal, General Manager, Bank of Baroda as a Whole Time Director (designated as Executive Director) of the Bank up to 30.11.2010. Shri Asit Pal has joined the Bank on today i.e. 15.10.2008

    • 14 Oct · Board meeting

      To consider amongst others, the Un-Audited Financial Results (subject to "Limited Review") of the Bank for the second Quarter / Half Year ended September 30, 2008.

    • 10 Oct · Rating

      CRISIL has assessed and reaffirmed the financial instruments of the Bank. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 7 Oct · Updates

      CRISIL has assessed and reaffirmed the following financial instruments of our Bank as follows. (1) Name of the instrument : Lower Tier II Bonds Issue (to the extent of Rs.1000 crore out of which Rs.800 crore already raised); Rating/ reaffirmation: AAA/ stable to negative

  4. Sep 2008

    • 16 Sep · Raising of Capital

      The Board of Directors of the Bank at their meeting held on 16.09.2008 approved the proposal for raising of: 1) Tier I Bond / perpetual Bonds to the extent of Rs.600 crore. 2) Upper Tier-II Bond to the extent of Rs.1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs.1200 crore

    • 11 Sep · Strike

      We have been informed by the Indian Banks' Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike on 24th and 25th September 2008 throughout the country in support of some of their demands. A section of our employees may take part in the proposed strike on the said days, if the strike materialises. In view of this, it is likely that the normal functioning of our Branches may get affected

    • 5 Sep · Change in the constitution of the board

      In exercise of powers conferred by clause (f) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) & 2 of clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, has nominated Shri T Ramachandra Bhat, Manager, Customer Service Division, Corporation Bank, Head Office, Mangalore as the Director of the Bank representing the Officers with effect from 4th September, 2008 and upto 31.12.2009 vice Shri D. N. Prakash.

  5. Aug 2008

    • 26 Aug · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 19 Aug · Business

      Corporation Bank has launched a new term deposit under New CorpGain scheme for a fixed period of 330 days with an interest rate of 10.00% per annum (Senior Citizens 10.50% p.a.). This interest rate is applicable for a minimum deposit amount of Rs.25,000 and less than Rs.15 lac only. The offer is for a limited period with effect from 19th August 2008

    • 12 Aug · Strike

      We have been informed by the Indian Banks' Association (IBA) that the All India Bank Employees' Association (AIBEA) have served a Notice of Strike on Wednesday the 20th August 2008 throughout the country in support of some of their demands. A section of our employees may take part in the proposed strike on the said day, if the strike materialises. In view of this, it is likely that the normal functioning of our Branches may get affected.

    • 11 Aug · Disclosure

      In terms of Regulation 13(2) of the SEBI (Prohibition of Insider Trading) Regulations, 1992, these Three Directors has informed the Bank that, they holds following shares as on 8th August 2008: (1) Name of the Director - Shri Hiren Mehta; No. of equity shares held in Bank - 200. (2) Name of the Director - Shri Thomas Mathew T.; No. of equity shares held in Bank - 100. (3) Name of the Director - Shri Ajay Garg; No. of equity shares held in Bank - 100. The above disclosure is made by the Bank in terms of Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992

    • 11 Aug · Meeting

      Proceedings of the Annual General Meeting of the Shareholders of the Bank held on August 08, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 8 Aug · Updates

      As provided in Section 9(3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, Corporation Bank is entitled to have three directors representing the shareholders of the Bank, on the Board of the Bank. Accordingly the Bank invited nominations from the shareholders. On the last date viz July 24, 2008, the Bank received valid nominations from four candidates. After conducting Due Diligence check as per RBI Notification and scrutiny of nominations as per Corporation Bank ( Shares and Meetings) Regulations, 1998, the bank found that the four candidates who had submitted nominations are eligible to become directors and accordingly an election was held at the AGM of the Bank on August 08, 2008. In the contest, the following three candidates polled majority of the votes and accordingly they were elected as directors and deemed to assume office from August 09, 2008 and they will hold office for a period of three years from the date of assumption that is till August 08, 2011: 1) Shri Hiren Mehta; 2) Shri Thomas Mathew T.; 3) Shri Ajay Garg.

    • 7 Aug · Updates

      In order to cope with the impact of increase in the cost of funds, Corporation Bank Benchmark Advance rate (COBAR) has been revised upward by 50 basis points from the present level of 13.50% p.a. to 14.00% p.a. with effect from August 11, 2008. However, Housing Loans with sanctioned limits upto Rs.30 lakh, Agriculture Loans and Educational Loans are kept outside the purview of present upward revision in COBAR

    • 4 Aug · Updates

      Notice published in the newspaper on July 29, 2008 for Election of Three Shareholder Directors. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  6. Jul 2008

    • 29 Jul · Raising of Capital

      Board of Directors of the Bank at their meeting held on July 29, 2008 approved the proposal for raising of Tier II bonds to the tune of Rs. 1200 crores in tranches. This is in addition to Bond issued to the tune of Rs. 800 crores earlier.

    • 29 Jul · Results

      Standalone Results for the quarter ended on 30-JUN-2008 as follows: Interest earned of Rs. 128873.11 lacs for the quarter ending on 30-JUN-2008 against Rs. 112013 lacs for the quarter ending on 30-JUN-2007. Interest expended of Rs. 91068.56 lacs for the quarter ending on 30-JUN-2008 against Rs. 74792 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 18429.67 lacs for the quarter ending on 30-JUN-2008 against Rs. 17711 lacs for the quarter ending on 30-JUN-2007.

    • 17 Jul · Board meeting

      To consider amongst others, the Un-Audited Financial Results (subject to "Limited Review") of the Bank for the quarter ended June 30, 2008.

    • 16 Jul · Change in the constitution of the board

      In exercise of powers conferred by sub-section 3(h) and (3-A) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government has nominated Shri Venkatrao Y Ghorpade as part-time non-official director on the Board of Directors of the Bank for a period of three years with effect from 15th July 2008 or until further orders, whichever is earlier

  7. Jun 2008

    • 28 Jun · Updates

      Corporation Bank Benchmark Advance Rate (COBAR) has been revised upward by 50 basis points from the present level of 13% p.a. to 13.50%p.a. with effect from July 01, 2008.

    • 9 Jun · Meeting

      Notice of the Annual General Meeting of the Shareholders of the Banks will be held on August 08, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  8. Apr 2008

    • 26 Apr · Meeting

      Board of Directors at its meeting held on April 26, 2008 have recommended a final dividend of Rs. 6/- per share of Rs. 10/- each for the year 2007-08 subject to approval of the shareholders in the Annual General Meeting to be held on August 08, 2008. With this, the total dividend payout by the Bank for the year 2007-08, including the interim dividend of Rs. 4.50/- per share of Rs. 10/- each already paid will be Rs. 10.50 per share of Rs. 10/- each. Further the Bank has informed that the Board has fixed June 19, 2008 to June 21, 2008 (both days inclusive) as Book Closure Date for Annual General Meeting and for entitlement of the shareholders to receive the final dividend and for election of Shareholder directors. ECS credits of the dividend and the despatch of the physical dividend warrants will be done on August 20, 2008 onwards.

    • 26 Apr · Results

      Consolidated Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 451658 lacs for the year ending on 31-MAR-2008 against Rs. 344156 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 306309 lacs for the year ending on 31-MAR-2008 against Rs. 205446 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 75041 lacs for the year ending on 31-MAR-2008 against Rs. 51619 lacs for the year ending on 31-MAR-2007.

    • 26 Apr · Results

      Standalone Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 451655 lacs for the year ending on 31-MAR-2008 against Rs. 343016 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 307324 lacs for the year ending on 31-MAR-2008 against Rs. 205237 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 73499 lacs for the year ending on 31-MAR-2008 against Rs. 53614 lacs for the year ending on 31-MAR-2007.

    • 26 Apr · Results

      Standalone Results for the quarter ended on 31-MAR-2008 as follows: Interest earned of Rs. 125352 lacs for the quarter ending on 31-MAR-2008 against Rs. 98075 lacs for the quarter ending on 31-MAR-2007. Interest expended of Rs. 85096 lacs for the quarter ending on 31-MAR-2008 against Rs. 57772 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 20560 lacs for the quarter ending on 31-MAR-2008 against Rs. 11847 lacs for the quarter ending on 31-MAR-2007.

    • 15 Apr · Board meeting

      To consider amongst other, the audited financial results of the Bank for the fourth quarter and year ended March 31, 2008 and to recommend Final Dividend if any.

    • 8 Apr · Change in the constitution of the board

      In exercise of powers conferred by sub-section 3 (h) and (3-A) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government has nominated Shri Suvarna Sanyal as part-time non-official director on the Board of Directors of the Bank for a period of three years with effect from 4th April 2008 or until further orders, whichever is earlier.

    • 3 Apr · Business

      Press release, dated April 02, 2008, which is as follows: "Corporation Bank's business, as per provisional and unaudited figures, exceeded Rs.95,000 crore as on 31st March 2008 as compared to Rs.72,000 crore as on 31st March 2007, clocking annual growth of 32 per cent. Buoyed by the strong growth, the Bank is now advancing the earlier projected target date for crossing the milestone goal of Rs.1 lac crore of business from March 2009 to the middle of the year".

  9. Mar 2008

    • 28 Mar · Raising of Capital

      Corporation Bank had informed the Exchange regarding the approval by board of directors for the issual of Tier - II Capital Bonds for Rs.500 crore. The Bank has now informed the Exchange that Out of the above Rs.500 Crore, the Bank has now issued and raised Tier - II Capital Bonds for Rs.300 crore on this day i.e. March 27, 2008.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 25 Mar · Raising of Capital

      The Board of Directors of the Bank at their Meeting held on this day (i.e. 25th March, 2008) approved the proposal to raise Tier-II bonds to the tune of Rs.500 crore. This is in addition to already raised Tier II Bonds of Rs.500 crore

    • 25 Mar · Dividend

      1) At the meeting of the Board of Directors held on March 25, 2008, the Board declared an Interim Dividend of 45% for the financial year 2007-08. 2) Further, the Board has fixed April 11, 2008 as the Record Date for the purpose of determining the shareholders who will be entitled to receive such Interim Dividend. 3) The dividend warrant will be dispatched to the shareholders on or after April 23, 2008.

    • 19 Mar · Raising of Capital

      Corporation Bank had informed the Exchange regarding the issue of 1st tranche of Tier -II Capital Bonds for Rs.300 crore on March 24,2006 out of the Rs.500 crore approved by the Board of Directors of the Bank. Further the Bank had informed the exchange regarding the proposal to issue the second tranche of Tier-II Capital Bonds for Rs.200 crores. The Bank has now informed the exchange that the Bank has now issued the second tranche of the issue and raised Tier-II Capital Bonds for Rs. 200 crores on this day i.e March 19, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 14 Mar · Board meeting

      Inter-alia to consider the declaration of Interim Dividend if any for the Financial Year 2007-2008.

  10. Feb 2008

    • 19 Feb · Strike

      United Forum of Bank Unions (UFBU) has given a call for two days strike on Monday the 25th February 2008 and Tuesday the 26th February 2008 throughout the country in support of some of their demands. A section of our employees may take part in the proposed strike on the said days, if the strike materialises. In view of this, it is likely that the normal functioning of our Branches may get affected

    • 8 Feb · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the period ended December 31, 2007 and found the same to be in order subject to certain observations. The auditor's observations are :The following may have an impact on the financial results, the effect of which have not been ascertained: (a) Certain items arising out of reconciliation of inter branch transactions and transactions with other banks / institutions; (b) Old entries of other assets and other liabilities for which adjustments are in progress; (c) Accounting for employee benefits on an estimated basis instead of actuarial valuation as stipulated in Accounting Standard 15 (Revised) issued by ICAI.

  11. Jan 2008

    • 22 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2007 as follows: Interest earned of Rs. 109886 lacs for the quarter ending on 31-DEC-2007 against Rs. 88684 lacs for the quarter ending on 31-DEC-2006. Interest expended of Rs. 76516 lacs for the quarter ending on 31-DEC-2007 against Rs. 55355 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 19090 lacs for the quarter ending on 31-DEC-2007 against Rs. 14642 lacs for the quarter ending on 31-DEC-2006.

    • 18 Jan · Strike

      Vide its letter dated January 17, 2008 that: "We have been informed by the Indian Banks' Association that the United Forum of Bank Unions (UFBU) has given a call for strike on Friday the 25th January, 2008 throughout the country in support of some of their demands. A section of our employees may take part in the proposed strike on the said day, if the strike materialises. In view of this, it is likely that the normal functioning of our Branches may get affected".

    • 11 Jan · Board meeting

      To consider amongst others, the Un-Audited Financial Results (subject to "Limited Review") of the Bank for the third Quarter ended December 31, 2007.

    • 1 Jan · Change in the constitution of the board

      Shri K.L.Gopalakrishna, Executive Director of the Bank has retired from the services of the Bank on attaining superannuation on 31st December 2007

    • 1 Jan · Updates

      During the calendar year 2007 bank has opened 71 new branches, thus taking the total no. of branches to 949. The total business has crossed Rs. 83000 crore with a growth rate of 22%. The total deposit is over Rs.49000 crore and the total credit is over Rs. 34000 crore thus registering a growth rate of 24% and 20% respectively. The CASA growth is 20%.

  12. Dec 2007

    • 26 Dec · Memorandum of Understanding

      The Bank has signed a Memorandum of Understanding with Credit Analysis & Research Ltd., on 20.12.2007 for assigning credit rating to SME units and also Bank loan Rating to existing/ prospective customers of the Bank