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Corporation Bank gains on plan to increase retail loan portfolio to 25 %

04 Feb 2014 Evaluate

Corporation Bank is currently trading at Rs. 247.50, up by 0.70 points or 0.28 % from its previous closing of Rs. 246.80 on the BSE.

The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 247.95 and Rs. 244.00 respectively. So far 8919 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 485.00 on 22-Feb-2013 and a 52 week low of Rs. 239.55 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 259.00 and Rs. 246.00 respectively. The current market cap of the company is Rs. 4146.66 crore.

The promoters holding in the company stood at 63.33 % while Institutions and Non-Institutions held 29.30 % and 7.37 % respectively.

Corporation Bank, public sector lender is planning to increase its retail loan portfolio in the next one year to 25% with more user-friendly strategies. Currently, the bank’s retail portfolio is around 15% of its total portfolio. The bank is also planning to open 300 new branches during the current financial year out of which 150 have already been opened.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.

 

Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
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