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Corporation bank News

30 Aug 2019

Modi govt announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.

Corporation bank

15 Mar 2019

Corporation Bank cuts benchmark lending rate by 5bps

The bank has reduced the lending rate by 5 basis points (0.05 percentage point) across all tenors up to one year.

27 Feb 2019

Dhanlaxmi Bank, Allahabad Bank, Corporation Bank jump up to 10% post RBI move

Dhanlaxmi Bank zoomed 10 percent, Allahabad Bank 7.53 percent and Corporation Bank rose 5.82 percent on BSE.

27 Feb 2019

RBI lifts Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA Framework

Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.

public sector banks

20 Feb 2019

Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs

The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

Reserve Bank of India

13 Feb 2019

Reserve Bank of India imposes monetary penalty on four banks

This action is based on deficiencies in regulatory compliance.

PSBs fund infusion

27 Nov 2018

Govt to infuse Rs 42,000 cr in PSU banks by March

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

13 Oct 2018

One arrested for shooting bank's cashier in Delhi's Dwarka

On person has been arrested on Saturday in connection with shooting a cashier in Delhi's Dwarka area.

Finance Ministry

17 Jul 2018

Finance Ministry likely to infuse about Rs 10K crore soon in PSU banks

Some of these banks have come under pressure because of interest payment to their bond holders of Additional Tier 1 (AT-1) bonds.

Corporation bank

15 Dec 2017

Corporation Bank cuts overnight MCLR by 0.1%

The bank has cut the overnight MCLR by 0.1 percent to 7.80 percent.

30 Apr 2017

Iradai asks LIC to trim holdings in companies to 15% or below

Regulator Irdai has asked the life insurance behemoth LIC to prepare a roadmap to pare its stake to 15 per cent in firms where it breaches this ceiling, but has stopped short of setting a time-frame for the same.

Finance Ministry

25 Mar 2016

Govt to fill vacant post of chairman in 9 PSBs soon

A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.

Corporation bank

07 Oct 2015

Corporation Bank further cuts lending rate by 0.05%

State-owned Corporation Bank Wednesday further revised its benchmark lending rate by 0.05 percent to 9.65 percent.

05 Oct 2015

Canara Bank, 3 others cut benchmark lending rates

State-owned Canara Bank, Corporation Bank and Bank of Mysore Monday reduced their benchmark lending rates by up to 0.25 percent, making home and auto loans cheaper.

24 Aug 2015

Govt to infuse Rs 1,140 cr capital into Allahabad, Corp Bank

State-run Corporation Bank Monday said its board has approved capital infusion of Rs 857 crore by the government.

Corporation Bank Q1 Net

07 Aug 2015

Corporation Bank Q1 net falls 12% at Rs 204 crore

Bank's net profit in the corresponding quarter of the previous fiscal stood at Rs 231.47 crore.

Corporation bank

04 Jul 2015

Corporation Bank launches MUDRA Card

State-owned Corporation Bank on Saturday launched MUDRA (Micro Units Development and Refinance Agency) Card for small enterprises, based on the RuPay platform.

Corporation bank

16 May 2015

Corporation Bank Q4 net profit rises 8% to Rs 45 crore

The bank's net profit was Rs 41.57 crore in January-March quarter of 2013-14.

Corporation bank

18 Aug 2014

Corporation Bank to pay over Rs 37K for deficiency in service

Corporation Bank has been asked by a consumer forum here to pay over Rs 37,000 to one of its customers after holding it guilty of "deficiency in service" for wrongly taking money from him.

25 Jul 2014

RBI penalises ICICI Bank, Canara Bank, Yes Bank & 9 others

ICICI Bank, Axis Bank, Canara Bank, IDBI Bank, Yes Bank and seven other banks have been penalised in the case of Deccan Chronicle Holdings, the RBI said today.

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