Modi govt announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB
Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.
Aug 30, 2019, 17:16 PM IST
Corporation Bank cuts benchmark lending rate by 5bps
The bank has reduced the lending rate by 5 basis points (0.05 percentage point) across all tenors up to one year.
Mar 15, 2019, 12:41 PM IST
Dhanlaxmi Bank, Allahabad Bank, Corporation Bank jump up to 10% post RBI move
Dhanlaxmi Bank zoomed 10 percent, Allahabad Bank 7.53 percent and Corporation Bank rose 5.82 percent on BSE.
Feb 27, 2019, 17:25 PM IST
RBI lifts lending curbs on Allahabad Bank, Corporation Bank, Dhanlaxmi Bank; removes them from weak-bank watch list
Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.
Feb 27, 2019, 10:17 AM IST
Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs
The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.
Feb 20, 2019, 17:57 PM IST
Reserve Bank of India imposes monetary penalty on four banks
This action is based on deficiencies in regulatory compliance.
Feb 13, 2019, 18:14 PM IST
Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December
The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.
Nov 27, 2018, 10:49 AM IST
One arrested for shooting bank's cashier in Delhi's Dwarka
On person has been arrested on Saturday in connection with shooting a cashier in Delhi's Dwarka area.
Oct 13, 2018, 17:17 PM IST
Finance Ministry likely to infuse about Rs 10K crore soon in PSU banks
Some of these banks have come under pressure because of interest payment to their bond holders of Additional Tier 1 (AT-1) bonds.
Jul 17, 2018, 17:35 PM IST
Corporation Bank cuts overnight MCLR by 0.1%
The bank has cut the overnight MCLR by 0.1 percent to 7.80 percent.
Dec 15, 2017, 13:08 PM IST
Iradai asks LIC to trim holdings in companies to 15% or below
Regulator Irdai has asked the life insurance behemoth LIC to prepare a roadmap to pare its stake to 15 per cent in firms where it breaches this ceiling, but has stopped short of setting a time-frame for the same.
Apr 30, 2017, 15:12 PM IST
Govt to fill vacant post of chairman in 9 PSBs soon
A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.
Mar 25, 2016, 18:45 PM IST
Corporation Bank further cuts lending rate by 0.05%
State-owned Corporation Bank Wednesday further revised its benchmark lending rate by 0.05 percent to 9.65 percent.
Oct 07, 2015, 22:57 PM IST
Canara Bank, 3 others cut benchmark lending rates
State-owned Canara Bank, Corporation Bank and Bank of Mysore Monday reduced their benchmark lending rates by up to 0.25 percent, making home and auto loans cheaper.
Oct 05, 2015, 19:07 PM IST
Govt to infuse Rs 1,140 cr capital into Allahabad, Corp Bank
State-run Corporation Bank Monday said its board has approved capital infusion of Rs 857 crore by the government.
Aug 24, 2015, 22:51 PM IST
Corporation Bank Q1 net falls 12% at Rs 204 crore
Bank's net profit in the corresponding quarter of the previous fiscal stood at Rs 231.47 crore.
Aug 07, 2015, 18:53 PM IST
Corporation Bank launches MUDRA Card
State-owned Corporation Bank on Saturday launched MUDRA (Micro Units Development and Refinance Agency) Card for small enterprises, based on the RuPay platform.
Jul 04, 2015, 21:06 PM IST
Corporation Bank Q4 net profit rises 8% to Rs 45 crore
The bank's net profit was Rs 41.57 crore in January-March quarter of 2013-14.
May 16, 2015, 20:32 PM IST
Corporation Bank to pay over Rs 37K for deficiency in service
Corporation Bank has been asked by a consumer forum here to pay over Rs 37,000 to one of its customers after holding it guilty of "deficiency in service" for wrongly taking money from him.
Aug 18, 2014, 19:49 PM IST
RBI penalises ICICI Bank, Canara Bank, Yes Bank & 9 others
ICICI Bank, Axis Bank, Canara Bank, IDBI Bank, Yes Bank and seven other banks have been penalised in the case of Deccan Chronicle Holdings, the RBI said today.
Jul 25, 2014, 20:55 PM IST
