Corporation Bank

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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.
Today, Corporation Bank India is identified with dynamic services of its young and dedicated staffs, who know no bounds. It runs more than 600 ATMs extending across 21 States and 2 Union Territories. It shares ATM network with Andhra Bank, ING Vysya Bank Ltd. and IndusInd Bank Ltd.

Products and Services of Corporation Bank

Customers 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
Customers looking for corporate and international business support can look for its personalized services like Gold Card Scheme for Exporters. The bank has introduced an effective range of products and services to meet the needs of the customers who run Micro and Small Enterprises (MSE). Forex, Cash Management, Project Finance, Corp Vyapar, Corp Rental and Working Capital are just to name a few of them.

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 loans

Corporation 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 Loans

Corporation 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 Loans

Corporation 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 Loans

Corporation 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 Loans

Corporation 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 India

In 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
Runner-up Awards in the categories of "Best Online and Multi-channel Banking Team" and "Outstanding achiever of the year-corporate". Corporation Bank has been recognized as one of the Best Public Sector Banks in India by Business Today on 26 February 2006. Prior to this, Forbes Global announced it one of the Best 200/100 companies in Asia/Pacific and Europe. Outlook Money called it Best Public Sector Bank in India and The Asian Banker said it to be the strongest bank in India and second strongest in Asia.

Corporation Bank Head Office Address And Contact Details

Corporation Bank,
Mangaladevi Temple Road,
Mangalore - 575 001
Karnataka, India

Tel: 91-824-2426416 to 420
Fax: 91-824-2440964

Last Updated on May 30, 2015