CORPORATION BANK - Re-capitalisation of Public Sector Banks - Infusion of Capital by GOI (EGM on Sept 22, 2015)

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24 Aug 2015
Corporation Bank has informed BSE that Ministry of Finance, Department of Financial Services, Government of India, vide their letter dated August 19, 2015, has communicated its decision to infuse capital funds to the tune of Rs. 857 crore (Rupees Eight hundred fifty seven crore) in the Bank by way of preferential issue of equity in favour of Government of India. The Board of the Bank on August 24, 2015, has accorded its approval for-<BR><BR>1. The said infusion of capital of Rs. 857 crore by Government of India and<BR><BR>2. For convening an Extraordinary General Meeting of the shareholders of the Bank on September 22, 2015, for seeking its approval for the said infusion of capital.<BR><BR>The Bank is in the process of taking necessary steps/approvals for raising the said amount.
View all announcements for CORPORATION BANK	Source: BSE India

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