SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Corporation Bank raises Rs 500 crore through bonds

27 Mar 2017 Evaluate

Corporation Bank has raised the full amount of Rs 500 crore of the Basel III Compliant Additional Tier-I Perpetual Bonds (Series II) and the same has been allotted by the Securities Allotment Committee of the Board of the Bank on March 24, 2017 to the respective Bond investors with a coupon rate of 10.28% per annum.

The Bank has reported a net profit of Rs 159.02 crore for third quarter ended December 31, 2016, as compared to a net loss of Rs 388.38 crore for the same quarter in the previous year. Total income of the Bank increased by 13.20% at Rs 5839.56 crore for Q3FY17 as compared Rs 5158.52 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 11.26%, as compared to 7.32% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.64% in Q3FY17.


Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×