दन क Date घ षण ए Announcements 29.09.2016 Revision in Marginal Cost of Fund Based Lending Rate (MCLR) for all new Rupee Loan and Advances including Renewals w.e.f 1 st October 2016 are given hereunder : overnight MCLR 9.05 one-month MCLR 9.15 three-month MCLR 9.30 six month MCLR 9.40 One year MCLR 9.50 28.09.2016 Allotment of 12,45,70,868 equity shares of Rs 2/- each at a premium of Rs 38.78 per share i.e. at an issue price of Rs 40.78 per share on preferential basis to Government of India (President of India). 15.09.2016 An Extraordinary General Meeting of the Bank was held at Mangaluru on 15.09.2016 to consider and approve the issue and allotment of 12,45,70,868 equity shares of the Bank of the face value of Rs.2/- each at an issue price of Rs.40.78 per share to Government of India on preferential basis, in terms of SEBI (ICDR) Regulations, 2009 and other necessary approvals. 01.09.2016 Bank has been informed by Indian Banks Association vide their circular letter no. CIR/HR&IR/Q/2016-17/864 dated 18.08.2016 and CIR/HR&IR/Q/2016-17/873 dated 19.08.2016, that AIBEA, AIBOA, BEFI, AIBOC & INBOC have given a call for a strike on Friday, 02 nd September 2016. 31.08.2016 Revision in Marginal Cost of Fund Based Lending Rate (MCLR) for all new Rupee Loan and Advances including Renewals w.e.f 1 st September 2016 are given hereunder : overnight MCLR 8.95 one-month MCLR 9.10 three-month MCLR 9.30 six month MCLR 9.45 One year MCLR 9.50 24.08.2016 Shri Gopal Murli Bhagat, General Manager, Bank of India, appointed as an Executive Director of Corporation Bank by Central Government vide notification dated 24.08.2016. Accordingly, he has asssumed office as the Executive Director of the Bank on 24.08.2016. 30.07.2016 Revision in Marginal Cost of Fund Based Lending Rate (MCLR) for all new Rupee Loan and Advances including Renewals w.e.f 1 st August 2016 are given hereunder : overnight MCLR 8.95 one-month MCLR 9.10 three-month MCLR 9.35 six month MCLR 9.45 28.07.2016 RBI in exercise of powers conferred under Section 47(A)(1)(c) read with the Section 46(4)(i) of the Banking Regulation Act, 1949 has imposed a penalty of Rs. 10 million (Rupees Ten Million only) on our Bank due to some lapses in KYC/AML norms, along with some other Banks. 28.07.2016 Bank has been informed by Indian Banks Association vide their circular letter no. CIR/HR&IR/Q/2015-16/643 dated 12.07.2016, that United Forum of Bank Union (UFBU) has given a call for a strike on Friday, 29 th July 2016. Page 1
13.07.2016 Credit Analysis & Research Ltd. (CARE Ratings). has revised the credit ratings of the Corporation Bank Debt s as below: Amount Rating Remarks (Rs. Crore) Lower Tier II Bonds 500.00 CARE AA- Revised from CARE AA (Double A ) Upper Tier II Bonds 2850.00 CARE A+ (Single A Plus) Revised from CARE AA- Perpetual Bonds 737.50 CARE A+ (Single A Plus) Revised from CARE AA- 30.06.2016 Revision in Marginal Cost of Fund Based Lending Rate (MCLR) for all new Rupee Loan and Advances including Renewals w.e.f 1 st July 2016 are given hereunder : overnight MCLR 9.00 one-month MCLR 9.15 three-month MCLR 9.40 six month MCLR 9.50 29.06.2016 The Nineteenth Annual General Meeting of the Shareholders of the Bank was held on 29 th June 2016 at Mangaluru. In the said meeting the shareholders have resolved and approved the following: 1. Discussed, approved and adopted the Audited Standalone and Consolidated Balance Sheet of the Bank as at 31 st March, 2016, Standalone and Consolidated Profit and Loss Account of the Bank for the year ended 31 st March, 2016, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts. 28.06.2016 In the Audit Committee meeting of the Bank held on 28th June 2016, Shri M. B. Ganesh, at present the Deputy General Manager, Financial Management Division of the Bank, is appointed as the Chief Financial Officer of the Bank with effect from 28.06.2016. 04.06.2016 Annual General Meeting of the Shareholders of the Bank to be held on Wednesday, the 29 th June 2016 at 10.30 A.M. at Head Office, Mangaluru. 03.06.2016 Shri R. Natarajan, General Manager and Chief Financial Officer of the Bank has completed his term of office in the Bank on attaining the age of superannuation on 31 st May 2016. 18.05.2016 1. The Annual General Meeting of the Shareholders of the Bank to be held on Wednesday, the 29 th June 2016 at 10.30 A.M. at Head Office, Mangaluru. 2. The Date 24.06.2016 to 29.06.2016 (both days inclusive) as Book Closure Date for Annual General Meeting. The cut-off date for Remote E-Voting will be 23.06.2016. 01.05.2016 Revision in Marginal Cost of Fund Based Lending Rate (MCLR) for all new Rupee Loan and Advances including Renewals w.e.f. 1 st May 2016 are given hereunder : overnight MCLR 9.00 one-month MCLR 9.20 three-month MCLR 9.40 Page 2
six month MCLR 9.50 26.04.2016 India Ratings and Research Pvt. Ltd. has revised the ratings of Corporation Bank s Debt as below : Rating Remarks Long-Term Issuer Rating IND AA Revised from IND AA + INR 5 BN Tier II Bonds IND AA Revised from IND AA + INR 10 BN AT I IND A + Revised from IND AA - 25.04.2016 Shri Deverakonda Diptivilasa appointed as an Part-time Non Official Director on the Board of Corporation Bank by Central Government vide notification dated 25.04.2016. 21.04.2016 Brickwork Ratings has revised the ratings of Corporation Bank s Bond issues as below : Type of Amount (Rs. in Cr) Issue Date Maturity Date Rating (Mar 2016) Upper Tier II Bonds 500 May 2009 May 2024 BWR AAA to BWR AA+ (Outlook Negative) Perpetual Tier I Bonds 300 July 2009 July 2024 BWR AAA to BWR AA+ (Outlook Negative) 01.04.2016 Fixation of Marginal Cost of Fund Based Lending Rate (MCLR) for all new Rupee Loan and Advances including Renewals are given hereunder : overnight MCLR 9.05 one-month MCLR 9.30 three-month MCLR 9.50 six month MCLR 9.55 One year MCLR 9.60 3 Year MCLR 9.80 23.03.2016 ICRA Ltd. has assigned the ICRA A1+ rating to Bank s Certificate of Deposit amounting to Rs. 30,000 crore. Page 3
22.03.2016 Credit Analysis & Research Ltd. (CARE Ratings) has reviewed the credit ratings of the Bank s Debt as below : Rating Lower Tier II Bonds Rs 500 crore. Upper Tier II Bonds Rs 2850 crore. Perpetual Bonds (Basel II) 737.50 crore. CARE AA (Double A). Revised from CARE AA+ (Double A Plus). CARE AA -. Revised from CARE AA (Double A). CARE AA-. Revised from CARE AA (Double A). 15.03.2016 CRISIL Ltd. has reviewed the credit ratings of the Bank s Debt as below : Rs 5.00 Billion Tier I Bonds (Under Basel III ) Lower Tier II Bonds (under Basel II)Aggregating Rs.15.00 Billion Tier I Perpetual Bonds (Under Basel II) Aggregating Rs.4.375 Billion Upper Tier II Bonds (Under Basel II) Aggregating Rs.14.00 Billion Rs 10.00 Billion Tier I Bonds (Under Basel III ) CRISIL AA/Negative ( Downgraded from CRISIL AA+, outlook revised from stable) CRISIL AA/Negative (Downgraded from CRISIL AA+, outlook revised from stable) CRISIL AA-/Negative(Downgraded from CRISIL AA, outlook revised from stable) CRISIL AA-/Negative(Downgraded from CRISIL AA, outlook revised from stable) CRISIL A/Negative (Downgraded from CRISIL AA-, outlook revised from stable) Fixed Deposit Programme FAAA/Negative (Outlook revised from stable) Rs.250.00 Billion Certificates of Deposit Programme CRISIL A1+ (Reaffirmed) 25.02.2016 ICRA Limited has revised rating of the Bank s Lower Tier II Bonds from ICRA AA+ Stable to ICRA AA Stable. 24.02.2016 Bank has been informed by Indian Banks Association vide their circular letter no. CIR/HR&IR/Q/2015-16/2143 dated 18.02.2016, that All India Bank Officers Confedration (AIBOC) has given a call for a strike on Monday, 29 th February 2016. 12.02.2016 Bank has announced Unaudited Financial Results (Subjected to Limited Review) for the quarter / nine months ended on 31.12.2015. Page 4
01.02.2016 Shri Jai Kumar Garg has assumed office as Managing Director & CEO of the Bank on 1 st February 2016. 01.02.2016 Shri Sadhu Ram Bansal, Chairman & Managing Director of the Bank has completed his term of office in the Bank on attaining the age of superannuation on 31 st January 2016. 22.01.2016 Shri Sunil Mehta, General Manager, Allahabad Bank, appointed as an Executive Director of Corporation Bank by Central Government vide notification dated 22.01.2016. Accordingly, he has asssumed office as the Executive Director of the Bank on 22.01.2016. 12.01.2016 The Bank is making an investment of 1,42,000 equity shares at Rs 352 per equity share, having face value of Rs 100.00 each amounting to Rs. 4,99,84,000/-, i.e. in percentage term 1.06%, in the private placement of equity shares of M/s National Payment Corporation of India (NPCI). 06.01.2016 Bank is going to acquire 4% shareholding from the existing shareholder namely Nomura Asset Management Strategic Investments PTE Limited of LIC Nomura Mutual Fund Asset Management Company Ltd. at an aggregate price of Rs 5,66,91,800/- as per the valuation derived, subject to necessary approval and agreement, if any. 01.01.2016 Change in constitution of the Board of the Bank : Shri B. K. Srivastav, Executive Director of the Bank has completed his term of office in the Bank on attaining the age of superannuation on 31 st December 2015. 31.12.2015 Allotment of 2,81,60,693 equity shares of Rs 2/- each at a premium of Rs 48.78 per share i.e. at an issue price of Rs 50.78 per share on preferential basis to Life Insurance Corporation of India. Page 5