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.
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.
2016-02-09 :Corporation Bank launches two new term deposit schemes
Corporation Bank has launched two new term deposit schemes, namely super gain plus and power plus which offer higher rate of interest to depositors
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