Increased risk weighs on CORPORATION BANK, penalising its rating down to Slightly Negative
The independent financial analyst theScreener just lowered the general evaluation of CORPORATION BANK (IN), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 10, 2017, the closing price was INR 45.35 and its target price was estimated at INR 34.40.Corporation Bank Ltd. Corporation Bank Limited, formerly Corporation Bank, is engaged in lending and borrowing activities. The Bank's segments include Treasury Operations, Wholesale Banking, Retail Banking and Other Banking Operations. The Bank offers personal, corporate, non-resident Indian (NRI) and priority banking products and services. Its personal products and services include saving accounts, deposits, loans, cards, Forex, investments, remittance, tax and pensions, and insurance. Its personal loans include Corp Home, Corp Personal, Corp Vehicle, Corp Vidya, Corp Mortgage, Padho Pardesh Scheme, Corp Rental, Corp Professional, Corp Vyapar, Corp Shubha Vivah, Corp Apni Dukan and Corp Skill Loan. Its corporate products and services include current accounts, cash management, financing, Forex and payroll account. Its NRI products and services include saving accounts, term deposits, loans and remittance. Its NRI loans include CORP Home Premium NRI, CORP Vehicle, CORP Ghar Shobha and CORP Mortgage.
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