Corporation Bank trades with traction on the bourses

Corporation Bank is currently trading at Rs 326.15, up by 4.50 points or 1.40% from its previous closing of Rs. 321.65 on the BSE.

The scrip opened at Rs 323.60 and has touched a high and low of Rs 326.95 and Rs 322.00 respectively. So far 5823 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 417.50 on 09-Jun-2014 and a 52 week low of Rs. 220.10 on 24-Feb-2014.

Last one week high and low of the scrip stood at Rs. 342.85 and Rs. 319.45 respectively. The current market cap of the company is Rs. 5445.11 crore.

The promoters holding in the company stood at 63.33% while Institutions and Non-Institutions held 29.56% and 7.11% respectively.

Corporation Bank, public sector lender has opened 'Corp Excel' Branch with a provision of '24x7 e-Lobby' at Karol Bagh in New Delhi. With a view to improving customer expediency, 'Corp Excel' branch has been aesthetically designed with layouts demarcated between customer facing and operations work. The ‘24x7 e-Lobby’ has self-service automation kiosks, self-service passbook printer and an ATM.

Recently, the bank had opened same kind of branch at Jeppu in Mangalore city, Karnataka on August 12, 2014. The bank is planning to open 200 ‘Corp Excel’ branches by December 2015.

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. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking units.