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Corporation Bank expects credit growth to pick up more than double in FY16

15 Jul 2015 Evaluate

Corporation Bank is expecting its credit growth to pick up more than double to 12 percent in FY16. The bank recorded a loan growth of 5.8 per cent during the fiscal ended March 2015 as it carried a re-balancing exercises during the year.

Under Pradhan Mantri Jan Dhan Yojana, the state-owned bank has opened 23.45 lakh basic accounts with an outstanding balance of Rs 571.23 crore as on July 12. The average balance in the non-zero balance accounts is Rs 3,342 per account as against the national average of Rs 2,435.

Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1093.70
PNB 112.30
Canara Bank 139.40
Bank Of Baroda 271.75
Union Bank Of India 176.40
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