MoneyWorks4Me

Corporation Bank informs about outcome of Board Meeting

07 Nov 2014 Evaluate

Corporation Bank has informed that the Board of Directors of the company at its meeting held on November 06, 2014 approved the raising of Tier I Bonds in the nature of Perpetual Debt Instrument to the extent of Rs.1000 crore and Tier II Bonds to the extent of Rs. 500 crore, (both in one or more tranches) with green shoe option, as per Basel III requirement, subject to Regulatory compliances.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 961.90
PNB 112.50
Bank Of Baroda 227.90
Canara Bank 120.90
Union Bank Of India 171.80
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