Corporation Bank is currently trading at Rs. 411.05, up by 1.85 points or 0.45% from its previous closing of Rs. 409.20 on the BSE.
The scrip opened at Rs. 409.10 and has touched a high and low of Rs. 412.65 and Rs. 408.15 respectively. So far 1,327 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. 414.85 and Rs. 403.00 respectively. The current market cap of the company is Rs. 6,088.00 crore.
The promoters holding in the company stood at 58.52% while Institutions and Non-Institutions held 33.84% and 7.63% respectively.
Corporation Bank has launched SME loan festival bonanza scheme whereby it will be offering interest rate concession on various SME credit schemes. Also in order to encourage entrepreneurs, the bank is offering various specialized and tailor made credit schemes suiting their credit and business requirements.
Under SME loan festival bonanza scheme, the bank will offer interest rate concession of 0.50% on the applicable rate on all SME credit scheme offered by it. Besides, additional interest rate concession of 0.25% for women beneficiaries and 50% concession on processing charges will be offered.
Further, for increasing credit to this sector the bank has drawn up appropriate strategies and in order to cater to the specific requirements of the SME sector it has offered specialized loan schemes at attractive interest rates. Moreover, each SME sector is ably supported by dedicated team of Relationship Managers and exclusive Central Credit Processing Mechanism.
