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Corporation Bank gets approval to raise Rs 2,555 crore

23 Jul 2018 Evaluate

Corporation Bank has received board’s approval to raise capital of the Bank by way of preferential allotment of equity shares to Government of India to the extent of Rs 2,555 crore subject to all necessary approvals of RBI, SEBI, Government of India and Shareholders of the Bank.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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