Corporation Bank is currently trading at Rs. 413.20, up by 2.75 points or 0.67% from its previous closing of Rs. 410.45 on the BSE.
The scrip opened at Rs. 416.60 and has touched a high and low of Rs. 419.50 and Rs. 412.00 respectively. So far 18058 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 554.95 on 17-May-2011 and a 52 week low of Rs. 335.50 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 419.50 and Rs. 400.00 respectively. The current market cap of the company is Rs. 6117.74 crore.
The promoters holding in the company stood at 58.52% while Institutions and Non-Institutions held 35.06% and 6.41% respectively.
Corporation Bank, Mangalore-based lender has opened SME loan centre in Pune, as it aims higher growth in SME lending through its new initiative of setting up special centers to grant loans expeditiously to micro, medium and small enterprises (SME).
In addition to Pune, the SME loan centers are being opened in Mumbai, Delhi, Bangalore, Chennai, Vadodara, Coimbatore and Hyderabad. Each is supported by a team of relationship managers and credit processing staff, and offers a slew of special products designed for the sector.
The bank aims revenue of Rs 18,300 crore for FY13 under the SME segment. This is 14 per cent of the projected net bank credit of Rs 1,27,000 crore for the year.
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