Corporation Bank has revised the Marginal Cost of Fund based Lending Rates, for all new rupee loans and advances including renewals with effect from 15 January 2020 as under -

Overnight - 7.60%
One month - 7.75%
Three month - 8.20%
Six month - 8.35%
One year - 8.50%

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Corporation Bank has accepted Buy-Back offer of its wholly owned subsidiary CorpBank Securities (an unlisted entity) to the extent of 25% of its total paid-up equity share capital as at 30 September 2019.

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Corporation Bank has received revision in credit ratings for the Bank's debt instruments from CRISIL as under -

Upper Tier II Bonds (Rs 850 crore) - CRISIL A+/ Rating watch with positive implications (Revised outlook from Negative)

Fixed Deposit Programme - FAA+/ Rating watch with positive implications (Revised outlook from Negative)

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Corporation Bank has revised the Marginal Cost of Fund Based Lending Rates with effect from 15 December 2019 as under -

Overnight - 7.70%
One month - 7.85%
Three month - 8.30%
Six month - 8.45%
One year - 8.60%

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