Corporation Bank is currently trading at Rs 395.00, up by 3.50 points or 0.89% from its previous closing of Rs 391.50 on the BSE.
The scrip opened at Rs 391.50 and has touched a high and low of Rs 396.90 and Rs 390.00 respectively. So far 3540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 494.85 on 07-Jan-2013 and a 52 week low of Rs 362.05 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs 394.50 and Rs 380.00 respectively. The current market cap of the company is Rs 6000.36 crore.
The promoters holding in the company stood at 58.52 % while Institutions and Non-Institutions held 34.09 % and 7.39 % respectively.
Corporation Bank, a Mangalore-headquartered bank is planning to test purity of gold pledged with it by borrowers with the help of caratometers at some of its branches. The bank is planning to take this initiative after considering increase in gold loan portfolio by almost 70% in FY13 to about Rs 4,000 crore. The caratometer is a scientific and non-destructive method of testing the purity of the precious metal.
As of December-end 2012, bank’s gold loan portfolio more than doubled to Rs 3,662 crore against Rs 1,585 crore as at December-end 2011. In the first nine months of the current financial year, the bank’s gold loan portfolio swelled 70%.
| 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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