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Corporation Bank gains on entering into MoU with SAMIL

Corporation Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532179 | NSE: CORPBANK

27 Feb 2015 Evaluate

Corporation Bank is currently trading at Rs 62.45, up by 0.50 points or 0.81% from its previous closing of Rs. 61.95 on the BSE.

The scrip opened at Rs. 62.15 and has touched a high and low of Rs. 62.70 and Rs. 62.05 respectively. So far 2907 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 83.50 on 09-Jun-2014 and a 52 week low of Rs. 44.94 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 64.85 and Rs. 61.80 respectively. The current market cap of the company is Rs. 5235.68 crore.

The promoters holding in the company stood at 63.33%, while Institutions and Non-Institutions held 29.29% and 7.38% respectively.

Corporation Bank, public sector lender has entered into a Memorandum of Understanding (MoU) with Shriram Automall India (SAMIL), a leading service provider in pre-owned vehicles and equipment. According to MoU, SAMIL will assist the bank in the disposal through its multiple bidding platforms, including physical and online bidding. The company will also provide parking and refurbishment to the bank. A safe and secured warehousing of assets has been guaranteed along with well-equipped repair facility and complete assistance in certifying the market value of the vehicles.

Corporation Bank has registered a rise of 16.20% in its net profit at Rs 147.21 crore for third quarter ended December 31, 2014 as compared to Rs 126.69 crore for the same quarter in the previous year. Total income of the bank has increased by 5.30% at Rs 5209.54 crore for Q3FY15 as compared Rs 4947.34 crore for the corresponding quarter previous year

Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)

19-Mar-2020 18:01 View Price Chart

Peers

Company Name	CMP
SBI	1110.00
PNB	114.70
Canara Bank	144.45
Bank Of Baroda	283.35
Union Bank Of India	191.70
View more..

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Corporation Bank gains on entering into MoU with SAMIL

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