Corporation Bank India , founded in 1906 at the temple town of Udupi, Karnataka is one of the leading public sector bank of India. In 1961, the Bank of Citizens was merged with it and in 1980 the Bank Corp was nationalized. The Corporation Bank India came out with its Initial Public Offer (IPO) in October 1997 and it is the first to publish the results under US GAAP among public sector banks. In 2004, the Bank Corp became the member of Cashnet and shared ATM network managed by Euronet.
Activities:
The services offered by the Corporation Bank India are
- Personal - Sale of Gold Coins & Bars, Corp Pragathi Account, CorpCompassion - Savings Bank, Corp 4 - in - 1 a/c (Current a/c), Current Account, Term Deposit, ATM Locator, Loans, Home Loan and Insurance, EMI / Deposit Maturity Calculator
- Corporate - Cash Management, Forex, Term Finance, Working Capital, Project Finance, Gold Card Scheme for Exporters, Corp Fast, Corp Rental, Corp Vyapar
- NRI services - Speed Cash and Speed Remittance, Corp Quick Remit, Remittances, Deposits, NRI Loans, Portfolio Services, Taxation, Forex Facilities for Residents, Forex Facilities for NRIs/PIOs
Performance:
- The aggregate business of the Corporation Bank India stood at Rs. 72,306 crore comprising Rs. 42,356 crore Deposits and Rs.29,950 crore Advances as recorded on 31st March, 2007.
- The Bank Corp has over 600 ATMs spreading over 21 States and 2 Union Territories and a tie-up arrangements of sharing ATM network with ING Vysya Bank Ltd., Andhra Bank and IndusInd Bank Ltd.
- The Corporation Bank India launched the new Corp Kissan Card - debit card tied up with VISA international in Kolar District on 13 March 2005. The Bank Corp has set up modern public libraries in 25 villages and given away scholarship to 100 students of these villages for their higher education.
Organization:
Shri B Sambamurthy is the new Chairman & Managing Director of the Corporation Bank India.
Corporate Office:
Mangaladevi Temple Road
P O Box No 88
Mangalore -575 001
Karnataka
Phone:
+91-824-2426416 to 420, 2427911 to 13
Fax:
+91-824-2425233
Website: www.corpbank.com
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