Corporation Bank Fixes MCLR Rates

Corporation Bank on Wednesday informed the bourses that it has fixed Marginal Cost of Funds Based Lending Rate (MCLR) for all new rupee loans and advances including renewals with effect from June 15, 2017.

Meanwhile, Corporation Bank was down 0.2% at Rs 52.30 per share at 1022 hours IST on BSE. The stock hit a high of Rs 52.95 and a low of Rs 51.85, during the morning session.

The stock has delivered more than 40% returns in a period of one year. It has outperformed the BSE Mid-cap and underperformed BSE Bankex index over the same period.

Corporation Bank is engaged in lending and borrowing activities. The bank's segments include treasury operations, wholesale banking, retail banking and other banking operations.

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