CMP: 400

Corporation Bank provides a wide range of banking and financial services through its branches spread out all over India. The Group's banks specialize in a number of areas, including credit appraisal, credit monitoring, export credit and retail lending.

Corporation Bank is a decent bet in mid-cap banking space trading at a P/E of less than 4 with dividend yields of over 5% in the last 12 months. Revenues have risen from 4,516 Crores to 13,017 Crores in the last 5 years. Profits have risen from 735 Crores to 1,506 Crores. NPM has dipped from 16% to over 11% in the last 5 years. Buy and hold for long term gains.