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GoI to infuse capital of Rs 9086 crore in Corporation Bank

21 Feb 2019 Evaluate

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.

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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