Corporation Bank Current Affairs - 2020

RBI Removes three Banks from PCA Framework

The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank watchlist. Basis for the decision of RBI The government has infused fresh capital into various banks including some of the banks currently under the PCA framework. As Read More…

Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks

The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore Read More…

Relaxation of Norms under PCA Framework

It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate Read More…

P. V. Bharathi appointed as MD and CEO of Corporation Bank

According to an order issued by the Personnel Ministry on 24th December 2018, P.V Bharathi has been appointed as managing director and chief executive officer of the Corporation Bank. P.V. Bharathi is currently working as the Executive Director in the Canara Bank. She will take charge on or after 1st February 2019, and remain in Read More…

Corporation Bank offers new variants of savings bank accounts: “SB Super” and “SB Signature”

‘SB Super’ and ‘SB Signature’ are the new variants of savings account launched by Corporation Bank. Facilities with these accounts: Both offer preferential loan processing by affixing ‘priority’ seal by the branch while forwarding loan applications. Bundled demat and trading account including a waiver of annual maintenance charges for the first year. Free NEFT, SMS Read More…