Corporation Bank has received revision in credit ratings from India Ratings and Research as under -

Long term issuer rating - IND AA-/Stable (Reaffirmed)
Basel III Complaint Tier- II Bonds (Rs 500 crore) - IND AA-/Stable (Reaffirmed)

Proposed Basel III Complaint Tier- II Bonds (Rs 1000 crore) - IND AA-/Stable (Reaffirmed)

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Corporation Bank announced that CARE Ratings has revised the credit ratings of the Bank's Debt instruments as below -

Upper Tier II Bonds (Rs 850 crore) - CARE A+; Stable (Revised from CARE A+; Negative)

Perpetual Bonds (Rs 500 crore) - CARE A+; Stable (Revised from CARE A+; Negative)

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EID Parry (India) Ltd, UCO Bank, Union Bank of India and Linde India Ltd are among the other gainers in the BSE's 'A' group today, 28 June 2019.

Corporation Bank surged 8.46% to Rs 25.65 at 11:49 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 80985 shares were traded on the counter so far as against the average daily volumes of 11517 shares in the past one month.

EID Parry (India) Ltd spiked 7.92% to Rs 183.35. The stock was the second biggest gainer in 'A' group. On the BSE, 24365 shares were traded on the counter so far as against the average daily volumes of 9419 shares in the past one month.

UCO Bank soared 6.55% to Rs 18.7. The stock was the third biggest gainer in 'A' group. On the BSE, 1.93 lakh shares were traded on the counter so far as against the average daily volumes of 61083 shares in the past one month.

Union Bank of India exploded 6.38% to Rs 82.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10.79 lakh shares were traded on the counter so far as against the average daily volumes of 7.04 lakh shares in the past one month.

Linde India Ltd added 6.20% to Rs 537.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 10180 shares were traded on the counter so far as against the average daily volumes of 3729 shares in the past one month.

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Corporation Bank announced that the Annual General Meeting (AGM) of the bank will be held on 29 June 2019.

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