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Corporation Bank

Buy Corporation Bank shares

CORPORATION BANK (BOM: 532179) Shares

ABOUT CORPORATION BANK

Corporation Bank Limited, an Indian public-sector banking company, was founded in 1906 in Udupi. It is headquartered in Mangalore, India. The bank was established with Rs. 5 00 capital under Haji Abdulla Haji Khasim Saheb Bahadur as its founding president. It is guided by the principles of Bala Gangadhar Tilak, a Swadeshi movement.

The bank was nationalised in 1980 and is a forerunner in financial-sector reform in the Indian banking sector. It entered the international capital market in 1997, the second public-sector bank in the country to do so.

Its IPO was over-subscribed by 13 times. It was also the first bank in the country to introduce cash-management services, gold banking, m-commerce and online approvals for educational loans.

Corporation Bank Limited boasts a network of 2 432 fully-automated CBS branches. It has 3 040 ATMS and 4 724 branchless banking units in India. Today, the bank employs approximately 19 600 people.

OVERVIEW OF CORPORATION BANK

  • Corporation Bank Limited (formerly Corporation Bank) focusses primarily on lending and borrowing activities. The bank conducts its operations through four primary segments: Treasury Operations, Retail Banking, Wholesale Banking and Other Banking Operations.

  • The bank provides personal, corporate, non-resident Indian (NRI) and priority banking product and services. Products and services include saving accounts, deposits, cards, loans, Forex, investments, remittance, tax, pensions and insurance, amongst others.

  • Personal loan packages on offer include Corp Home, Corp Personal, Corp Vehicle, Corp Vidya, Corp Rental, Corp Professional, Corp Mortgage, Padho Pardesh Scheme, Corp Vyapar, Corp Shubha Vivah, Corp Apni Dukan and Corp Skill Loan.
  • Corporate services and products comprise cash management, current accounts, Forex, financing and payroll accounts. The bank’s NRI offering includes term deposits, saving accounts, loans and remittance. Loans on offer are CORP Mortgage CORP Home Premium NRI, CORP Vehicle and CORP Ghar Shobha.

VISION & VALUES OF CORPORATION BANK

  • Corporate Bank Limited strives to be a global model for inclusive growth and innovative banking services.

  • It further works diligently to expand its reach and cater to the financial needs of its extensive clientele.
  • By adhering to sound core values based on integrity and inclusion, the bank is able to provide a rewarding environment for all stakeholders, especially for investors who purchase company shares.

MARKET PERFORMANCE OF CORPORATION BANK

  • Corporate Bank Limited trades on the Bombay Stock Exchange (BSE). The bank is listed under Public Sector Undertakings, Government Undertaking Enterprise, under the stock symbol BOM: 532179 in the Business Sector: Banks. It is also listed on the National Stock Exchange of India (NSE) under the CORPBANK code.

  • It enjoys a strong foothold in the market, which bodes well for shareholders who buy or sell company shares as they can expect solid dividends and returns. For fiscal 2019, it recorded total revenue of ₹ 17,494.70 crores (USUS Dollar 2.5 billion) and operating income of ₹ 3,894.46 crores (USUS Dollar 550 million). Its total assets were valued at ₹ 221,891.31 crores (USUS Dollar 31 billion).

LATEST NEWS CORPORATION BANK

Buy CORPORATION BANK stocks / shares – A Step by Step Guide how to Buy / Purchase CORPORATION BANK  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CORPORATION BANK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CORPORATION BANK STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CORPORATION BANK STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CORPORATION BANK stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CORPORATION BANK stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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