About Corporation Bank of India
The Corporation Bank in India started its journey in the name of the Canara Banking Corporation (Udupi) Ltd in 1906 with a sum of ` 5000 only in a small town of Udupi near the city of Mangalore in Karnataka.
Corp Bank received RBI license in 1952 and saw a merger with the Bank of Citizens in 1961. In the month of April 1980, it was given a status of nationalized bank. From the time of its establishment till today, the bank has never looked back. Currently it is one of the well recognized Public Sector Banks in India.
Products and Services of Corporation BankCustomers of the Corporation Bank enjoy a vast range of products and services, comprising:
- Credit Card & Debit Card Services
- Value Added Banking Services
- Corporate Banking Services
- Personal Banking Services
- Internet Banking Services
For NRI customers, the Corporation Bank arranges for Speed Cash and Speed Remittance, Corp Quick Remit, loans, deposits and portfolio services. Forex Facilities for Residents, NRIs or PIOs are also available.
In the field of personal banking services, any customer can seek services like Corp Pragathi Account, Current Account, Term Deposit, EMI / Deposit Maturity Calculator, Home Loan and Insurance, Savings Bank A/C and Loans. This bank assists in the sale of gold coins and bars. For the convenience of the customers, ATM Locator has also been introduced.
Corporation Bank loansCorporation Bank India Loans are of various types, which include the following:
- Corp Site Purchase Loan
- Corp Professional
- Corp IPO Scheme
- Corp Personal
- Corp Mitra
- Corp Meditech
- Corp Byte
- Corp Mortgage
- Corp Flexi Home Loan
- Corp Cash Demat
- Corp Mitra Gold
- Corp Home
- Corp Mobile
- Corp Vidya
- Corp Consumer
- Corp Rental
- Corp Mahila Gold
- Corp Plus
Education LoansCorporation Bank India Education Loans are provided to students who have secured admission to technical or professional courses in India or abroad. The financial assistance is forwarded to applicants who are pursuing courses conducted by deemed, affiliated or government universities. Employed persons are not eligible for this loan.
Under this scheme, the bank offers finances for the payment of fees, purchase of books, payment of caution deposits, travel expenses, purchase of educational instruments and also for meeting expenses of study tours and thesis.
For study in India, the maximum loan amount that is provided is ` 10 lacs and for studies abroad, the ceiling is Rs.20 lacs.
Home LoansCorporation Bank India Home Loans are offered under the brand names of Corp Home - Housing Loan and Corp Flexi Home Loan. New Corp Jeevan Griha Raksha is a unique home loan insurance scheme being offered by bank in conjunction with LIC. The home loans are primarily provided for the purchase, construction or renovation of flats or houses. It may be noted that, Indian residents as well as NRIs are eligible for the Corp Home - Housing Loan scheme, subject to the fulfillment of certain conditions, laid down by the bank.
Personal LoansCorporation Bank India Personal Loans are offered to the permanent employees of Central or State Government Offices, pensioners, profit making PSUs, research institutions and public limited companies to name a few. The loan is extended towards meeting the personal expenditure needs of customers related to travel, marriage, family functions, education and the like.
Car LoansCorporation Bank India Car Loans are provided for the purchase of both new and used cars. The bank offers financing facility for upto15% of the cost of the new vehicles. The loan type that is provided is called Corp Mobile-Vehicle Loan.Corporation Bank India Loans are also available for NRIs and corporate clients.
Awards and Recognition of Corporation Bank IndiaIn its journey to cater successfully to the needs of valuable customers, Corporation Bank has bagged many awards and accolades. Some of them are as follows:
National Award for Assistance to Exporters
Gem & Jewellery Export Promotion Council Award (it won this award 5 times in a row from 1981 to 1985)
- Shiromani Award for Banking
- Best Bank Award for Excellence in Banking Technology
- Best Bank Award for Innovative Usage and Application on INFINET (Indian Financial Network)
- Best Bank Award for Delivery Channels
Corporation Bank Head Office Address And Contact DetailsCorporation Bank,
Mangaladevi Temple Road,
Mangalore - 575 001
Tel: 91-824-2426416 to 420
Last Updated on May 30, 2015