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Corporation Bank trades higher on the bourses

Corporation Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532179 | NSE: CORPBANK

31 Aug 2012 Evaluate

Corporation Bank is currently trading at Rs. 369.00, up by 1.35 points or 0.37% from its previous closing of Rs. 367.65 on the BSE.

The scrip opened at Rs. 368.90 and has touched a high and low of Rs. 369.00 and Rs. 366.40 respectively. So far 1139 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 528.45 on 16-Feb-2012 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. 380.60 and Rs. 362.05 respectively. The current market cap of the company is Rs. 5452.64 crore.

The promoters holding in the company stood at 58.52% while Institutions and Non-Institutions held 34.03% and 7.45% respectively.

Corporation Bank, a Mangalore-based lender is planning to reduce interest rates on home, car and educational loans with effect from September 1, 2012 for a three-month period. The bank has also decided to waive the processing fee for these loans.

The interest rates on housing loan of up to Rs 50 lakh will be 10.50%. The rates will be 10.75% for loans up to Rs 1 crore and 11% for loans exceeding Rs 1 crore. In case of vehicle loans, customers would be charged at 11.25% for a five-year period. The interest rate for auto loans with tenure of 7 years will be 11.75% as against 12% charged so far.

The bank has registered a rise of 5.35% in its net profit at Rs 370.26 crore for first quarter ended June 30, 2012 as compared to Rs 351.45 crore for the same quarter in the previous year. Total income of the bank has increased by 22.60% at Rs 3978.24 crore for Q1FY13 as compared Rs 3244.79 crore for the corresponding quarter previous year.

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..

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Corporation Bank trades higher on the bourses

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