CORPBANK

Corporation Bank has informed the Exchange that "The Bank has opened its Local Representative Office in Hong Kong, today (i.e. 16.02.2009). This is the second international office of the Bank, including the first Local Representative Office at Dubai opened in last calendar year."

Corporation Bank has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/CORPBANK_LR_12022009.ZIP target=NEW> For more details click here.</a>

Corporation Bank had informed the Exchange regarding raising of Rs. 150 crore Tier - I Bonds (Series-I) with an option to retain over subscription through Private Placement. The Bank has now informed the Exchange that "The Bank has now received an amount of Rs. 237.50 crore towards this issue and has allotted the respective bonds on January 19, 2009 and same has been credited to the respective Client IDs of the Bondholders in demat mode in NSDL on January 22, 2009 and in CDSL on January 27, 2009".

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Interest earned of Rs. 162348.12 lacs for the quarter ending on 31-DEC-2008 against Rs. 109886 lacs for the quarter ending on 31-DEC-2007. Interest expended of Rs. 114551.37 lacs for the quarter ending on 31-DEC-2008 against Rs. 76516 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 25647.07 lacs for the quarter ending on 31-DEC-2008 against Rs. 19090 lacs for the quarter ending on 31-DEC-2007.

Corporation Bank had informed the Exchange that : "The Board of Directors of the Bank at their meeting held on 16.09.2008 approved the proposal for raising of: 1) Tier I Bond / perpetual Bonds to the extent of Rs.600 crore. 2) Upper Tier-II Bond to the extent of Rs.1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs.1200 crore". The Bank has now informed the Exchange that the Bank now proposes to issue Tier - I Bonds Series - I for Rs. 150 crores. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest

Corporation Bank has informed the Exchange that the Bank has appointed following 6 Chartered Accountant Firms as Statutory Central Auditors of the Bank for the year 2008-2009: (1) M/s Rao & Swami, Bangalore; (2) M/s Kishore & Kishore, New Delhi; (3) M/s Padmanabhan Ramani & Ramanujam, Chennai; (4) M/s Jain Chopra & Company, New Delhi; (5) M/s Padmanabhan Prakash & Co., Chennai; (6) M/s R. Devendra Kumar & Associates, Mumbai. Out of the above, first five firms are continuing Statutory Central Auditors, while M/s R. Devendra Kumar & Associates have been appointed in place of M/s N. K. Bhargava &

Corporation Bank has informed the Exchange that the Bank has revised "Corporation Bank Bechmark Advance Rate" (COBAR), i.e. Bench Mark Prime Lending Rate (BPLR) downward by 75 basis points to 12.50% p.a. from 13.25% p.a. with effect from January 01, 2009. The Bank has also reduced the Deposit Rates by 25 to 100 basis points across various maturities with effect from January 01, 2009.

Corporation Bank has informed the Exchange that the Bank has proposed to issue Upper Tier - II Bonds [Series (I) (1)] for Rs. 300 Crores. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Corporationbk_Bonds_16122008.zip target=NEW> For more details click here.</a>

Corporation Bank has informed the Exchange that the Upper Tier-II Bonds [Series (I) (1)] for Rs. 300 crore, allotted on December 12, 2008, to the respective applicants in demat mode and credited to their respective Client IDs.

Corporation Bank had informed the Exchange that the Board of Directors of the Bank at their meeting held on September 16,2008 approved the proposal for raising of: 1) Tier I Bond / perpetual Bonds to the extent of Rs.600 crore. 2) Upper Tier-II Bond to the extent of Rs.1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs.1200 crore. The Bank has now informed the Exchange that the bank has proposes to issue Upper Tier-II Bonds [Series (I) (1)] for Rs.300 Crore. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporat

Corporation Bank has informed the Exchange that the Lower Tier-II Bonds [Series (III) (1)] for Rs. 200 crore, allotted on December 03, 2008, to the respective applicants in demat mode and credited to their respective Client IDs.

Corporation Bank has informed the Exchange that due to unavoidable causes, the Deemed date of allotment has been extended to December 03, 2008 (including consequential changes) for raising of Lower Tier -II Bond [Series (III)(1)] of Rs.200 crore.

Corporation Bank had informed the Exchange that the Board of Directors of the Bank at their meeting held on September 16,2008 approved the proposal for raising of: 1) Tier I Bond / perpetual Bonds to the extent of Rs.600 crore. 2) Upper Tier-II Bond to the extent of Rs.1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs.1200 crore. The Bank has now informed the Exchange that the bank has proposes to issue Lower Tier-II Bonds [Series (III) (1)] for Rs.200 Crore. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corpor

Corporation Bank had informed the Exchange regarding the appointement of Shri V. Raghuraman as the Workmen Employee Director from November 14, 2008 for a period of 3 years. Consequent to this Shri CH Hanumantha Rao, Workmen Employee Director ceased to be a Director".

Corporation Bank has informed the Exchange that "In exercise of powers conferred by clause (e) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause 2(a) of clause 9 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, hereby appointed Shri V. Raghuraman ,Special Assistant of the Bank as Workmen Employee Director on the Board of Directors of the Bank with effect from 14.11.2008 for a period of 3 years i.e. upto 13.11.2011 or until he ceases to be a Workmen Employee

Corporation Bank has informed the Exchange that "In exercise of 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, in consultation with the Reserve Bank of India, appointed Shri. Jag Mohan Garg, Executive Director, Punjab National Bank as Chairman & Managing Director of the Bank from the date of his taking charge for a period up to 31

Corporation Bank has informed the Exchange that :"Taking cue from RBI's liquidity improvement measures such as reduction in SLR/CRR and Repo rate, Corporation Bank Benchmark Prime Lending Rate [BPLR] has revised downward by 75 basis points to 13.25% from 14% p.a. With effect from 10.11.2008".

Corporation Bank has informed the Exchange that "Shri B. Sambamurthy, Chairman and Managing Director of the Bank has retired from the services of the bank on 31st October 2008, on attaining superannuation".

Corporation Bank has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Interest earned of Rs. 273748.49 lacs for the half year ending on 30-SEP-2008 against Rs. 216417 lacs for the half year ending on 30-SEP-2007. Interest expended of Rs. 195277.11 lacs for the half year ending on 30-SEP-2008 against Rs. 145712 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 37580.79 lacs for the half year ending on 30-SEP-2008 against Rs. 33849 lacs for the half year ending on 30-SEP-2007.

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 144875.38 lacs for the quarter ending on 30-SEP-2008 against Rs. 106375 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 104208.55 lacs for the quarter ending on 30-SEP-2008 against Rs. 70920 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 19151.12 lacs for the quarter ending on 30-SEP-2008 against Rs. 16138 lacs for the quarter ending on 30-SEP-2007.

Corporation Bank has informed the Exchange that "In exercise of 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, sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, after consultation with Reserve Bank of India, appointed Shri Asit Pal, General Manager, Bank of Baroda as a Whole Time Director (designated as Executive Director) of the Bank up to 30.11.2010. Shri Asit Pal has joined the B

Corporation Bank has informed the Exchange that CRISIL has assessed and reaffirmed the financial instruments of the Bank. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/CORPBANK_Ratings_10102008.zip target=NEW> For more details click here.</a>

Corporation Bank has informed the Exchange that "CRISIL has assessed and reaffirmed the following financial instruments of our Bank as follows. (1) Name of the instrument : Lower Tier II Bonds Issue (to the extent of Rs.1000 crore out of which Rs.800 crore already raised); Rating/ reaffirmation: AAA/ stable to negative".

Corporation Bank has informed the Exchange that: "The Board of Directors of the Bank at their meeting held on 16.09.2008 approved the proposal for raising of: 1) Tier I Bond / perpetual Bonds to the extent of Rs.600 crore. 2) Upper Tier-II Bond to the extent of Rs.1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs.1200 crore".

Corporation Bank has informed the Exchange that "We have been informed by the Indian Banks' Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike on 24th and 25th September 2008 throughout the country in support of some of their demands. A section of our employees may take part in the proposed strike on the said days, 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 powers conferred by clause (f) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) & 2 of clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, has nominated Shri T Ramachandra Bhat, Manager, Customer Service Division, Corporation Bank, Head Office, Mangalore as the Director of the Bank representing the Officers with effect from 4th September, 2008 and upto 31.12.2009 vice Shri D. N. Praka

Corporation Bank has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Corporationbk_LR_26082008.zip target=NEW> For more details click here.</a>

Corporation Bank has informed the Exchange that: "Corporation Bank has launched a new term deposit under New CorpGain scheme for a fixed period of 330 days with an interest rate of 10.00% per annum (Senior Citizens 10.50% p.a.). This interest rate is applicable for a minimum deposit amount of Rs.25,000 and less than Rs.15 lac only. The offer is for a limited period with effect from 19th August 2008".

Corporation Bank has informed the Exchange that: "We have been informed by the Indian Banks' Association (IBA) that the All India Bank Employees' Association (AIBEA) have served a Notice of Strike on Wednesday the 20th August 2008 throughout the country 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 terms of Regulation 13(2) of the SEBI (Prohibition of Insider Trading) Regulations, 1992, these Three Directors has informed the Bank that, they holds following shares as on 8th August 2008: (1) Name of the Director - Shri Hiren Mehta; No. of equity shares held in Bank - 200. (2) Name of the Director - Shri Thomas Mathew T.; No. of equity shares held in Bank - 100. (3) Name of the Director - Shri Ajay Garg; No. of equity shares held in Bank - 100. The above disclosure is made by the Bank in terms of Regulation 13(6) of the SEBI (Prohibition o

Corporation Bank has informed the Exchange regarding the Proceedings of the Annual General Meeting of the Shareholders of the Bank held on August 08, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/CorporationBank_Proceedings_11082008.zip target=NEW> For more details click here.</a>

Corporation Bank has informed the Exchange that as provided in Section 9(3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, Corporation Bank is entitled to have three directors representing the shareholders of the Bank, on the Board of the Bank. Accordingly the Bank invited nominations from the shareholders. On the last date viz July 24, 2008, the Bank received valid nominations from four candidates. After conducting Due Diligence check as per RBI Notification and scrutiny of nominations as per Corporation Bank ( Shares and Meetings) Regulations, 1998, the ba

Corporation Bank has informed the Exchange that "In order to cope with the impact of increase in the cost of funds, Corporation Bank Benchmark Advance rate (COBAR) has been revised upward by 50 basis points from the present level of 13.50% p.a. to 14.00% p.a. with effect from August 11, 2008. However, Housing Loans with sanctioned limits upto Rs.30 lakh, Agriculture Loans and Educational Loans are kept outside the purview of present upward revision in COBAR".

Corporation Bank has submitted to the Exchange a copy of the notice published in the newspaper on July 29, 2008 for Election of Three Shareholder Directors. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Corpbank_SHARE_04082008.zip target=NEW> For more details click here.</a>

Corporation Bank has informed the Exchange that the Board of Directors of the Bank at their meeting held on July 29, 2008 approved the proposal for raising of Tier II bonds to the tune of Rs. 1200 crores in tranches. This is in addition to Bond issued to the tune of Rs. 800 crores earlier.

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Interest earned of Rs. 128873.11 lacs for the quarter ending on 30-JUN-2008 against Rs. 112013 lacs for the quarter ending on 30-JUN-2007. Interest expended of Rs. 91068.56 lacs for the quarter ending on 30-JUN-2008 against Rs. 74792 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 18429.67 lacs for the quarter ending on 30-JUN-2008 against Rs. 17711 lacs for the quarter ending on 30-JUN-2007.

Corporation Bank has informed the Exchange that: "In exercise of powers conferred by sub-section 3(h) and (3-A) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government has nominated Shri Venkatrao Y Ghorpade as part-time non-official director on the Board of Directors of the Bank for a period of three years with effect from 15th July 2008 or until further orders, whichever is earlier".

Corporation Bank has informed the Exchange that the Corporation Bank Benchmark Advance Rate (COBAR) has been revised upward by 50 basis points from the present level of 13% p.a. to 13.50%p.a. with effect from July 01, 2008.

Corporation Bank has submitted to the Exchange a copy of the Notice of the Annual General Meeting of the Shareholders of the Banks will be held on August 08, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Corporation_Notice_09062008.zip target=NEW> For more details click here.</a>

Corporation Bank has informed the Exchange that the Board of Directors at its meeting held on April 26, 2008 have recommended a final dividend of Rs. 6/- per share of Rs. 10/- each for the year 2007-08 subject to approval of the shareholders in the Annual General Meeting to be held on August 08, 2008. With this, the total dividend payout by the Bank for the year 2007-08, including the interim dividend of Rs. 4.50/- per share of Rs. 10/- each already paid will be Rs. 10.50 per share of Rs. 10/- each. Further the Bank has informed that the Board has fixed June 19, 2008 to June 21, 2008 (both day

Corporation Bank has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 451658 lacs for the year ending on 31-MAR-2008 against Rs. 344156 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 306309 lacs for the year ending on 31-MAR-2008 against Rs. 205446 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 75041 lacs for the year ending on 31-MAR-2008 against Rs. 51619 lacs for the year ending on 31-MAR-2007.

Corporation Bank has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 451655 lacs for the year ending on 31-MAR-2008 against Rs. 343016 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 307324 lacs for the year ending on 31-MAR-2008 against Rs. 205237 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 73499 lacs for the year ending on 31-MAR-2008 against Rs. 53614 lacs for the year ending on 31-MAR-2007.

Corporation Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2008 as follows: Interest earned of Rs. 125352 lacs for the quarter ending on 31-MAR-2008 against Rs. 98075 lacs for the quarter ending on 31-MAR-2007. Interest expended of Rs. 85096 lacs for the quarter ending on 31-MAR-2008 against Rs. 57772 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 20560 lacs for the quarter ending on 31-MAR-2008 against Rs. 11847 lacs for the quarter ending on 31-MAR-2007.

Corporation Bank has informed the Exchange that "In exercise of powers conferred by sub-section 3 (h) and (3-A) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government has nominated Shri Suvarna Sanyal as part-time non-official director on the Board of Directors of the Bank for a period of three years with effect from 4th April 2008 or until further orders, whichever is earlier."

Corporation Bank has informed the Exchange regarding a press release, dated April 02, 2008, which is as follows: "Corporation Bank's business, as per provisional and unaudited figures, exceeded Rs.95,000 crore as on 31st March 2008 as compared to Rs.72,000 crore as on 31st March 2007, clocking annual growth of 32 per cent. Buoyed by the strong growth, the Bank is now advancing the earlier projected target date for crossing the milestone goal of Rs.1 lac crore of business from March 2009 to the middle of the year".

Corporation Bank had informed the Exchange regarding the approval by board of directors for the issual of Tier - II Capital Bonds for Rs.500 crore. The Bank has now informed the Exchange that Out of the above Rs.500 Crore, the Bank has now issued and raised Tier - II Capital Bonds for Rs.300 crore on this day i.e. March 27, 2008.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Corporation_Raising_28032008.zip target=NEW> For mor

Corporation Bank has informed the Exchange that: "The Board of Directors of the Bank at their Meeting held on this day (i.e. 25th March, 2008) approved the proposal to raise Tier-II bonds to the tune of Rs.500 crore. This is in addition to already raised Tier II Bonds of Rs.500 crore".

Corporation Bank has informed the Exchange that: 1) At the meeting of the Board of Directors held on March 25, 2008, the Board declared an Interim Dividend of 45% for the financial year 2007-08. 2) Further, the Board has fixed April 11, 2008 as the Record Date for the purpose of determining the shareholders who will be entitled to receive such Interim Dividend. 3) The dividend warrant will be dispatched to the shareholders on or after April 23, 2008.

Corporation Bank had informed the Exchange regarding the issue of 1st tranche of Tier -II Capital Bonds for Rs.300 crore on March 24,2006 out of the Rs.500 crore approved by the Board of Directors of the Bank. Further the Bank had informed the exchange regarding the proposal to issue the second tranche of Tier-II Capital Bonds for Rs.200 crores. The Bank has now informed the exchange that the Bank has now issued the second tranche of the issue and raised Tier-II Capital Bonds for Rs. 200 crores on this day i.e March 19, 2008. The details of the same shall be available on the NSE website (htt

Corporation Bank has informed the Exchange that "United Forum of Bank Unions (UFBU) has given a call for two days strike on Monday the 25th February 2008 and Tuesday the 26th February 2008 throughout the country in support of some of their demands. A section of our employees may take part in the proposed strike on the said days, if the strike materialises. In view of this, it is likely that the normal functioning of our Branches may get affected".