Bank to give all time high dividend

July 10, 2011

bank

Mangalore, July 10: Shareholders of a city-based Corporation Bank at its 14th annual general meeting here on Saturday approved an all time high dividend of Rs 20 per share, on a paid up equity share of Rs 10.

Ramnath Pradeep, chairman and managing director of the bank, in his address to the shareholders, said, "It was yet another successful year for the bank and our last fiscal recorded a spectacular performance."

The bank joined the league of mid-sized banks by surpassing total business of Rs 2 lakh crore. Total business of the bank doubled in three years and it grew eight times in just 10 years from Rs 25,226 crore as on March 31, 2001 to Rs 2,03,598 crore as on March 31 this year.

The Bank has opened 12 new zonal offices for effective monitoring and control. The Bank has two of its representative offices in Dubai and Hong Kong. "We are exploring the possibility of opening of branches at Singapore and South African Countries such as at Kenya, Zambia, Botswana and Malaysia. The Bank celebrated its 106th Foundation Day on March 12 by dedicating a heritage museum and financial research centre at Udupi," he added.

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News Network
August 1,2020

Mandya, Aug 1: In a terrific incident, a college student has stabbed his own mother to death in Karnataka’s Mandya town over a trivial issue. The police have managed to nab the accused. 

According to police, the boy was irked by his mother rebuking him for staying out with his friends late in the night.

On Wednesday (July 29), she scolded him for not listening to her advice, following which he stabbed her to death, the official said. 

The student was arrested on July 30. He reportedly confessed to the crime. 

A police officer said that the woman was upset over her son frequently spending time with his friends till late in the night.

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coastaldigest.com news network
June 5,2020

Bengaluru, Jun 5: Karnataka registered its highest single-day spike of more than 500 new COVID-19 cases, taking the total number of infections in the state to 4,835, the health department said on Friday.

The previous biggest single-day spurt was recorded on June 2 with 388 cases.

Of the 515 fresh cases reported, 482 are returnees from other states, mostly (about 471) from neighboring Maharashtra. Udupi district saw a major spike with over 200 cases today and the total tally of the district breaching seven hundred cases mark, to stand at 768.

As of June 5 evening, cumulatively 4,835 COVID-19 positive cases have been confirmed in the state, which includes 57 deaths and 1,688 discharges, the department said in its bulletin.

It said, out of 3,088 active cases, 3,075 patients are in isolation at designated hospitals and are stable, while 13 are in ICU.

On Friday, 83 patients have been discharged.

According to state COVID-19 war room data, out of the total 4,835 cases, 93 per cent (4,488 cases) are asymptomatic and 7 per cent (347) are symptomatic.

The new cases include 471 from Maharashtra, three from Delhi, two each from Andhra Pradesh, Telangana and Haryana, and one from Tamil Nadu.

While one is with international travel history from Indonesia. Remaining cases include- contacts of patients earlier tested positive, those from containment zones, those who travelled from other districts, and the ones whose contact history is still being traced.

Among the districts where new cases were reported, Udupi accounts for 204 cases, followed by 74 from Yadgir, Vijayapura 53, Kalaburagi 42, Bidar 39, Belagavi 36, Mandya 13, Bengaluru Rural 12, Bengaluru Urban 10, Dakshina Kannada 8, Uttara Kannada 7, three each from Hassan, Dharwad and Chikkaballapura, two each from Ramanagara and Haveri, and one each from Davangere, Bagalkote, Ballari and Kolar.

Udupi district tops the list of positive cases, with a total of 768 infections, followed by Kalaburagi 552 and Bengaluru urban 434.

Among discharges, Bengaluru urban still tops the list with total 271 discharges, followed by Davangere 147 and Mandya 146.

A total of 3,60,720 samples were tested so far, out of which 13,627 were tested on Friday alone.

So far 3,49,951 samples have reported as negative, and out of them 12,797 were reported negative on Friday.

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coastaldigest.com news network
June 7,2020

Bengaluru, Jun 7: Fatalities due to coronavirus reached 61 in Karnataka with two more deaths, while 239 more tested positive for the viral infection, pushing the tally in the state to 5,452, the health department said on Sunday.

The total COVID-19 cases in the state include 2,132 discharges, 3,257 active cases and 61 deaths. A 61-year-old woman suffering from hypothyroidism and was diagnosed with Severe Acute Respiratory Illness (SARI) died on Saturday whereas a 57-year-old man having filariasis and chronic nyeloid leukemia died on Sunday in Bengaluru.

Most of those who contributed for Sunday's new cases were interstate passengers. 183 passengers, most of whom returned from Maharashtra were tested positive for the virus, the health bulletin said.

According to the health department, 39 coronavirus positive cases were reported in Kalaburagi and Yadagiri, 38 in Belagavi, 23 in Bengaluru urban, 17 each in Dakshina Kannada and Davangere, 13 in Udupi, 12 in Shivamogga, nine in Vijayapura, seven in Bidar, six in Ballari, five each in Bengaluru Rural and Hassan, three in Dharwad, two each in Gadag and Uttara Kannada and one each in Mandya and Raichur.

India today reported the highest single-day spike of 9,971 new Covid-19 cases and 287 deaths in the last 24 hours, taking the total number of cases in the country to 2,46,628

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