Corporation Bank IPO 1997

Hii Buddy , Here I want to Get Corporation Bank Initial Public Offering 1997 System Information , Would you please Provide me Same Details ?

[Pathak]

Corporation Bank is a Public Sector Banking Company .

It’s Headquarters’ located in Mangalore, India.

It was Founded in 12 March 1906


In 1997, it Was the Second Public Sector Bank in the India to Enter Capital Market;

It IPO was over Subscribed by 13 Times.

Corporation Bank’s Lower Tier II Bonds Aggregating to Rs 500 crore were assigned 'CARE AAA' rating and its Upper Tier II/Perpetual Bonds issue of Rs 1,000 crore was also assigned 'CARE AAA' rating by Credit Analysis and Research.


ASBA [Applications Supported by Blocked Amount] is a System of Blocking the Funds of Applicants of IPOs in their Respective Accounts and release the funds to the Company from such blocked accounts only after the allotment to the extent of allotment made and unblock the remaining amount in the account


Advantages of ASBA:

No issue of Cheque / Purchase of DDs and hence no clearing
Applicant can make 5 applications from a single deposit account
Money lies in the a/c and earns interest
Lien marked only to the extent of the bid amount
Money to be appropriated on allotment to the extent of shares allotted
No physical refund involved, no hassles of lost / delayed refunds
Shorter turnaround time for entire IPO processing

The Bank has Pan-India Presence with 8,000 Functional Units Comprising 2200 Branches, 1800+ ATMs and 3,000 Branchless Banking Units as of 30 January 2015.

Products
Loans,
Credit Cards,
Savings,
Investment vehicles