The Government of India has decided to infuse capital of Rs 9086 crore in Corporation Bank
In relation to the above, a meeting of the Board of Directors of the Bank is scheduled to be held on February 25, 2019, to consider raising of capital of the Bank by way of Preferential Allotment of equity shares to Government of India (GoI) to the tune of Rs 9086 Crore, subject to necessary approvals/permissions from RBI, Government of India, SEBI, shareholders of the Bank and/or any other regulatory authority.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.