Credit rating agency, India Ratings and Research, a unit of FITCH Ratings, has assigned the ratings to the proposed issue of Basel III compliant of Corporation Bank. The agency has assigned ‘AA-’ with stable outlook to additional Tier-1 Bond issue of Rs 500 crore with Green Shoe Option of Rs 500 crore.
Further, the agency has also assigned ‘AA+’ rating with stable outlook for Tier-2 Bond of Rs 250 crore with Green Shoe Option of Rs 250 crore of the bank.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking units.
| Company Name | CMP |
|---|---|
| State Bank Of India | 1039.90 |
| PNB | 105.35 |
| Bank Of Baroda | 252.20 |
| Canara Bank | 127.15 |
| Union Bank Of India | 163.15 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: