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Corporation Bank Akola IFSC code, MICR code, Address

Corporation Bank Branches in Akola

  • Corporation Bank has 2 branches in Akola District of Maharashtra.
For IFSC Branch Details Click Here
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Corporation Bank Branches in Akola

To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the Branch Name from the table below.

Branch Name, Click for more detail City
AKOLAAKOLA
SUGAON BUDRUKAKOLA

Other Districtwise Branches of Corporation Bank in Maharashtra

Akola Ifsc Code
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Corporation Bank News - Aug 2017
  • 2017-06-30 : Corporation Bank likely to raise Rs. 3,500 crore via sale of shares
    Public sector lender, Corporation Bank is looking for an opportunity to raise the capital of Rs. 3,500 crore via selling its shares to the institutional investors. The bank has also received an approval from its board to sell its shares through a qualified institutional placement method. The newly raised funds will be deployed by the bank towards expanding its banking activities as well as inorganic growth opportunities in the coming years.
  • 2017-06-15 : Corporation Bank reduces MCLR by 5 bps
    Corporation Bank has slashed its marginal cost of funds based lending rate (MCLR) by 5 bps. For overnight and one month maturities, the new MCLR will be 8.15 per cent, while for three months, new MCLR will be priced at 8.25 per cent respectively. However, the bank has kept its MCLR rate unchanged at 8.65 per cent and 8.75 per cent for six months and one year maturities. The new rates are effective from 15th June, 2017.
  • 2017-05-22 : Corporation Bank posts net profit of Rs. 160 crore
    Corporation Bank has registered a net profit of Rs. 160 crore for the fourth quarter of this fiscal year as against a loss of Rs. 510.97 crore in the corresponding period of the previous fiscal.The increase in bank’s profit is due to increase in its CASA deposits and effective management of non-performing assets (NPA).
  • 2016-12-07 : Corporation Bank bags Best MSME Bank award
    Corporation Bank has received Best MSME Bank award 2016. The award was instituted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) at SMEs Excellence Award 2016 held at New Delhi on 6th December, 2016. Banks in this category were evaluated on the basis of growth, technology, innovation, CSR activity, targets and quality in MSME sector.
  • 2016-08-10 : Corporation Bank Q1 Net Profit down Rs. 168 cr
    As per Q1 FY17 results, Corporation Bank has registered a drop of 82.41 per cent in net profit to Rs. 35.92 crore in the June quarter of FY17 from Rs. 204.26 crore in the corresponding period of previous fiscal. The gross and net NPAs as a percentage stood at 11.52 per cent and at 7.22 per cent, respectively, during the June quarter of FY17. The net interest income of Corporation Bank stood at Rs. 1031.16 crore in the June quarter of FY17 from Rs. 1080.72 crore in the same period of previous fiscal.
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