Corporation Bank is currently trading at Rs. 413.10, up by 4.95 points or 1.21% from its previous closing of Rs. 408.15 on the BSE.
The scrip opened at Rs. 408.00 and has touched a high and low of Rs. 414.95 and Rs. 408.00 respectively. So far 3681 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 553.50 on 01-Jun-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. 414.95 and Rs. 400.00 respectively. The current market cap of the company is Rs. 6111.07 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, a Mangalore-based lender has introduced its exclusive loan centre for small and medium enterprises in Chennai. The center was formally inaugurated by Amar Lal Daultani, Executive Director of the bank. The bank has opened exclusive SME Loan centers in eight cities across the country.
The bank has taken these initiatives to expand the flow of bank credit to the vital SME segment. As on March 31, 2012 bank's portfolio under SME sectors stood at Rs 14,542 crore, against Rs 10,707 crore the previous year. The net growth of SME credit is around 25%, aggregating to Rs 2,936 crore. The Micro and Small Enterprise portfolio increased from Rs 10,707 crore in 2011 to Rs 13,752 crore as on March 2012, accounting for a net increase of Rs 3,045 crore.
Recently, Corporation Bank 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).
Company Name | CMP |
---|---|
SBI | 821.30 |
Bank Of Baroda | 262.50 |
PNB | 126.15 |
Canara Bank | 114.50 |
Union Bank Of India | 141.15 |
View more.. |