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Corporation Bank to make investment in equity shares of NPCI

13 Jan 2016 Evaluate

Corporation Bank is making an investment of 142,000 equity shares at Rs 352 per equity share, comprising 1.06% stake, having face value of Rs 100.00 each amounting to Rs 4.99 crore, in the private placement of equity shares of National Payment Corporation of India (NPCI).

National Payments Corporation of India is incorporated under section 25 of the erstwhile Companies Act, 1956 as repealed by Section 8 of the Companies Act, 2013, which is mainly promoted by Banks and which is offering the services towards electronic payments for the Banks.

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.


Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
State Bank Of India 1045.15
PNB 107.85
Bank Of Baroda 279.25
Canara Bank 129.00
Union Bank Of India 174.80
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