CORPBANK

Corporation Bank has informed the Exchange that the Bank have been informed by the Indian Banks' Association that United Forum of Bank Unions (UFBU) has given a notice that all the constitute unions (AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC NOBW, NOBO) has given a call for a nation wide strike on August 05, 2011 in support of some of their demands. A section of Bank's employees may take part in the proposed strike on the said day, if the strike materialises. In view of this, it is likely that the normal functioning of Bank's Branches may get affected.

Corporation Bank has submitted to the Exchange the Standalone Financial Results for the period ended June 30,2011.

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2011 as follows: Interest earned of Rs. 297832.07 lacs for the quarter ending on 30-JUN-2011 against Rs. 202775.47 lacs for the quarter ending on 30-JUN-2010. Interest expended of Rs. 227076.12 lacs for the quarter ending on 30-JUN-2011 against Rs. 133016.28 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 35145.13 lacs for the quarter ending on 30-JUN-2011 against Rs. 33378 lacs for the quarter ending on 30-JUN-2010.

Corporation Bank has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the members of the Bank scheduled to be held on August 22, 2011.

Corporation Bank has informed the Exchange that Shri Venkatrao Y Ghorpade, Part time Non Official Director of the Bank has ceased to be a director from July 15, 2011, on completion of his term.

Corporation Bank has informed the Exchange that the Bank has revised its Benchmark Prime Lending Rate (COBAR) from 13.85% p.a. to 14.50% p.a. with effect from July 15, 2011.

Corporation Bank has informed the Exchange that the Annual General Meeting of the Shareholders of the Bank was held on July 09, 2011. In the said meeting the shareholders have resolved and approved the following: (1) Discussed, approved and adopted the Audited Balance sheet of the Bank as at March 31, 2011 and profit and Loss Account for the year ended March 31, 2011 and the reports of the Directors and the Auditors thereon. (2) Confirmation of declaration of Dividend of Rs.20.00 per equity share of Rs.10/- each.

Corporation Bank has informed the Exchange that July 29, 2011 has been fixed as the Record Date to take an account of determination of names of the shareholders entitled to participate in Election, i.e. to nominate, contest and vote for election of three Shareholder Directors.

Corporation Bank has informed the Exchange that at the meeting of the Board of Directors of the Bank held on June 25, 2011, it was resolved to hold an Extraordinary General Meeting of the shareholders of the Bank on August 22, 2011 to transact the following business: "1. Elections of three directors from amongst the shareholders of the Bank other than the Central Government."

Corporation Bank has informed the Exchange that the Bank has revised the Base Rate for lending from 9.90% p.a. to 10.25% p.a. with effect from July 01, 2011.

Corporation Bank has informed the Exchange that in the meeting of the Audit Committee of the Bank held on June 25, 2011, Shri C. G. Pinto, General Manager is appointed as the Chief Financial Officer of the Bank with effect from June 25, 2011 vice Shri P. R. Karanth, General Manager.

Corporation Bank has informed the Exchange that the Board of Directors at their meeting held on May 23, 2011 have fixed: 1) The Annual General Meeting of the shareholders of the Bank to be held on July 09, 2011. 2) The date June 21, 2011 to June 27, 2011 (both days inclusive) as Book Closure date for Annual General Meeting and for entitlement of the shareholders to receive the dividend, if any. NECS credits of the dividend and the dispatch of the physical dividend warrants will be done on July 22, 2011 onwards, if approved in the Annual General Meeting.

Corporation Bank has informed the Exchange that the Bank has revised its Benchmark Prime Lending Rate (COBAR) from 13.60% p.a. to 13.85% p.a. and the Base Rate for lending from 9.40% p.a. to 9.90% p.a. with effect from May 17, 2011.

Corporation Bank has informed the Exchange that the Board of Directors of the bank at its meeting held on April 29, 2011 have recommended a dividend of Rs.20/- per share of Rs.10/- each for the year 2010-11 subject to the approval of the Government of India and declaration of the same by the Shareholders of the Bank in the ensuing Annual General Meeting.

Corporation Bank has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 913503.8 lacs for the year ending on 31-MAR-2011 against Rs. 729460.41 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 619485.72 lacs for the year ending on 31-MAR-2011 against Rs. 508322.57 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 142011.97 lacs for the year ending on 31-MAR-2011 against Rs. 118134.81 lacs for the year ending on 31-MAR-2010.

Corporation Bank has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2011.

Corporation Bank has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 913524.82 lacs for the year ending on 31-MAR-2011 against Rs. 729460.41 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 619550.53 lacs for the year ending on 31-MAR-2011 against Rs. 508434.65 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 141326.79 lacs for the year ending on 31-MAR-2011 against Rs. 117025.12 lacs for the year ending on 31-MAR-2010.

Corporation Bank has informed the Exchange that Shri Suvarna Sanyal, Part time Non Official Director of the Bank has ceased to be a director from April 04, 2011 on completion of his term.

Corporation Bank has informed the Exchange vide its letter dated March 29, 2011, regarding "Allotment of 46,92,554 Equity Shares on Preferential basis to Government of India".

Corporation Bank has informed the Exchange that the Extraordinary General Meeting of the Shareholders of the Bank held on March 15, 2011. In the said meeting the shareholders have resolved and approved the following as a Special Resolution : (1) To issue 46,92,554 equity shares of the face value of Rs.10/- each of the Bank at a premium of Rs.648.49 per share i.e. at an issue price of Rs.658.49 per share, to the Government of India i.e. the Promoter, in the name of the President of India, subject to compliance of Chapter VII of the SEBI (ICDR) Regulations, 2009 and subject to necessary approval

Corporation Bank has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the Shareholders of the Bank to be held on March 15, 2011.

Corporation Bank has informed the Exchange that in the meeting of Board of Directors of the Bank held on February 19, 2011, the Board, while approving the proposal of the Government of India to infuse Capital, has resolved to call an Extraordinary General Meeting of the Shareholders of the Bank on March 15, 2011 for approval of the preferential allotment of Equity Shares to the Government of India.

Corporation Bank that the Bank has revised its Benchmark Prime Lending Rate (COBAR) from 13.25% p.a. to 13.60% p.a. with effect from February 14, 2011 and the Base Rate for lending from 8.90% p.a. to 9.40% p.a. with effect from February 14, 2011.

Corporation Bank has informed the Exchange that the Bank has revised its Benchmark Prime Lending Rate (COBAR) from 13.00% p.a. to 13.25% p.a. with effect from February 1, 2011.

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Interest earned of Rs. 247126.18 lacs for the quarter ending on 31-DEC-2010 against Rs. 186064.11 lacs for the quarter ending on 31-DEC-2009. Interest expended of Rs. 162886.84 lacs for the quarter ending on 31-DEC-2010 against Rs. 126120.32 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 38242.27 lacs for the quarter ending on 31-DEC-2010 against Rs. 30499.77 lacs for the quarter ending on 31-DEC-2009.

Corporation Bank has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2010.

Corporation Bank has informed the Exchange that Shri. S.K. Dash has been appointed as Company Secretary of the Bank and has taken charge on January 18, 2011 from Shri. N. Jayasankaran, present incumbent. Shri. S.K. Dash will also be the Compliance Officer.

Corporation Bank has informed the Exchange that the Bank has revised the Base Rate for lending from 8.25% p.a. to 8.90% p.a. with effect from January 03, 2011.

Corporation Bank has informed the Exchange that the Bank has revised its Benchmark Prime Lending Rate (COBAR) from 12.75% p.a. to 13.00% p.a. with effect from December 13, 2010.

Corporation Bank has informed the Exchange that Shri Satish Goel, Part time Non Offical Director of the Bank has ceased to be a director from December 07, 2010 on completion of his term.

Corporation Bank has informed the Exchange that " In exercise of powers conferred by clause (2) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of the Nationalized Banks (Management and Miscellaneous Provision) Scheme, 1970/1980, the Central Government, after consultation with the Reserve Bank of India, appointed Shri Ashwani Kumar,General Manager, Allahabad Bank as Executive Director of the bank for a period of five years from the date of his taking charge of

Corporation Bank has informed the Exchange that the Bank revised the Base Rate for lending from 7.75% p.a. to 8.25% p.a. with effect from November 08, 2010.

Corporation Bank has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010.

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Interest earned of Rs. 215811.43 lacs for the quarter ending on 30-SEP-2010 against Rs. 176954.66 lacs for the quarter ending on 30-SEP-2009. Interest expended of Rs. 144286.79 lacs for the quarter ending on 30-SEP-2010 against Rs. 126603.07 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 35173.44 lacs for the quarter ending on 30-SEP-2010 against Rs. 29167.71 lacs for the quarter ending on 30-SEP-2009.

Corporation Bank has informed the Exchange that the Bank has revised its Benchmark Prime Lending Rate (COBAR) from 12.50% p.a to 12.75% p.a. with effect from October 8, 2010.

Corporation Bank has informed the Exchange that "We have been informed by the Indian Banks' Association that All India Bank Employees' Association (AIBEA) has given a call for a nation wide strike on Tuesday the 7th September, 2010 in support of some of their demands. A section of our employees may take part in the proposed strike on the said day, if the strike materialises. In view of this, it is likely that the normal functioning of our Branches may get affected."

Corporation Bank has informed the Exchange that "In exercise of the powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1980, the Central Government after consultation with the Reserve Bank of India, appointed Shri Ramnath Pradeep, Executive Director Central Bank of India as Chairman and Managing Director of the Bank for the period from the date of his taking charge

Corporation Bank has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on July 10, 2010.

Corporation Bank has informed the Exchange that Shri Jag Mohan Garg, Chairman and Managing Director of the Bank has retired from the services of the bank on July 31, 2010, on attaining superannuation.

Corporation Bank has informed the Exchange that "In exercise of the powers conferred by clause (c) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1970/1980, the Central Government has nominated Smt. Grace Koshie, as the Director on the Board of the Bank with effect from July 30, 2010 until further orders, vice Shri M.A.Srinivasan".

Corporation Bank has informed the Exchange that "Corporation Bank has revised its Benchmark Prime Lending Rate (BPLR) from 12.00% p.a. to 12.5% p.a. with effect from 02.08.2010."

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Interest earned of Rs. 202775.47 lacs for the quarter ending on 30-JUN-2010 against Rs. 174220.73 lacs for the quarter ending on 30-JUN-2009. Interest expended of Rs. 133016.28 lacs for the quarter ending on 30-JUN-2010 against Rs. 127466.71 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 33378 lacs for the quarter ending on 30-JUN-2010 against Rs. 26124.71 lacs for the quarter ending on 30-JUN-2009.

Corporation Bank has informed the Exchange that the Shareholders at the Annual General Meeting of the Bank held on July 10, 2010, have resolved and approved the following; 1) Discussed, approved and adopted the audited Balance sheet as at March 31, 2010 and Profit and Loss Account for the year ended March 31, 2010 and the reports of the Directors and the Auditors thereon. 2) Confirmation of declaration of Dividend of Rs. 16.50 per equity share of Rs. 10/- each.

Corporation Bank has informed the Exchange that the Board of Director at their meeting on June 24, 2010 approved the revision of issual of the Tier-I/Tier-II Bonds.

Corporation Bank has informed the Exchange that the Bank has fixed Base Rate for lending at 7.75% with effect from July 01, 2010. This rate has been introduced in terms of guidelines issued by Reserve Bank of India on April 09, 2010.

Corporation Bank has informed the Exchange that Shri N. Jayasankaran has been appointed as Company Secretary of the Bank and has taken charge on June 17, 2010 from Shri. S.K. Dash, present incumbent. Shri. N. Jayasankaran will also be the Compliance Officer.

Corporation Bank has informed the Exchange that the Board of Directors at their meeting held on May 22, 2010 have fixed: 1) The Annual General Meeting of the shareholders of the Bank to be held on July 10, 2010. 2) The date June 23, 2010 to July 10, 2010 (both days inclusive) as Book Closure date for Annual General Meeting and for entitlement of the shareholders to receive the dividend, if any. NECS credits of the dividend and the dispatch of the physical dividend warrants will be done on July 21, 2010 onwards, if approved in the Annual General Meeting.

Corporation Bank has informed the Exchange that "In exercise of powers conferred by sub-section 3(g) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (b) of clause 9(2) of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government after consultation with Reserve Bank of India, nominated Shri Raj Kumar Agrawal as part-time non-official Director under Chartered Accountant Category on the Board of Directors of the Bank for a period of three years with effect from May 14, 2010 or until further

Corporation Bank has informed the Exchange that Shri P R Karanth, General Manager in charge of Financial Management Division has been designated as the Chief Financial Officer of the Bank and this appointment got concurrence from the Audit Committee of the Board of the Bank in its meeting held on April 23, 2010.

Corporation Bank has informed the Exchange that the Bank has raised Tier-II Bonds [Series (I) (7)] for Rs. 550 crore and the same allotted on 29th April 2010 to the respective applicants in demat mode and credited to their respective Client IDs.