A recent press report said that Corporation Bank has not seen any rise in delinquency, despite the rising interest rate regime. Reports said that on of the bank official has said that the bank has not seen any rise in defaults in the recent time, in spite of the rate hikes by the central bank.… Read More »
A recent press report said that Mr. Ajai Kumar has assumed charge as Chairman and Managing Director (CMD) of Corporation Bank. Mr. Kumar, has worked as General Manager in Bank of Baroda and as Executive Director in UCO Bank, and has a wide experience in domestic and overseas operations. Reports said that Mr. Kumar combining… Read More »
A recent press report said that Corporation Bank has said that despite the continuous rise in interest rates, there has not been any corresponding rise in defaults. A top official of the bank told the press that there has not been any rise in defaults in the recent time, in spite of repeated policy rate… Read More »
A recent press report said that Corporation Bank has sought about Rs 300 crore from the Central Government to augment its future credit growth, and hopes to get the funding by the fiscal-end. Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank, told the press that the bank might need some support from the Government… Read More »
A recent press report said that Corporation Bank has launched its second zonal office in Bangalore. The bank has recently created 12 new zones across the country, taking the total number to 31. Reports said that the Bangalore North Zone will now control 52 branches, including 13 urban centers, 74 ATMs and 204 branchless banking… Read More »
A recent press report said that Corporation Bank has planned to grow its total business to Rs. 5 lakh crore by 2014-15, against Rs 2 lakh crore, according to Chairman and Managing Director Mr. Ramnath Pradeep. Reports said that the bank has planned to open 200 branches every year, with each branch growing its business… Read More »
A recent press report said that Corporation Bank has received the first prize under the ‘National Award for Excellence in Lending to Micro Enterprises’ for 2010-11 from the Union Ministry of Micro, Small and Medium Enterprises. Reports said that the award was presented by the President, Ms Pratibha Devisingh Patil, in New Delhi. The award… Read More »
A recent press report said that Mr. Ramnath Pradeep, Corporation Bank Chairman and Managing Director have disproved charges of inappropriately sanctioning big-ticket loans. He said that the bank’s net non-performing assets (NPAs) would not have been below one per cent of the total advances if the allegations were true. Reports said that the finance ministry… Read More »
A recent press report said that Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank said that the Bank is aiming for a zero bad loans portfolio during its financial year. Further he also said that currently the net non-performing asset is about 0.47 per cent as a percentage of advances. Mr.Pradeep also says that… Read More »
A recent press report said that the State owned Corporation Bank has sought Rs.300 crore capital supports from the government to fund business growth. Mr.Ramanath Pradeep said that the bank had requested for capital infusion, the government will consider the same when it reviews the banking sector as a whole. He also said that the… Read More »