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Corporation Bank[5] is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence. Presently, the bank has a network of 2,600 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country.[6]

Corporation bank
Public Sector Undertakings; Government Undertaking Enterprise
Traded asBSE532179
NSECORPBANK
IndustryBanking, Financial services
Founded12 March 1906; 113 years ago (1906-03-12)
FounderKhan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur[1][2]
HeadquartersMangalore, Karnataka, India
Key people
P. V. Bharathi
(MD & CEO) [3]
Productse-banking, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
RevenueDecrease 17,494.70 crore (US$2.5 billion)[4]
Decrease 3,894.46 crore (US$560 million) (2019)[4]
Decrease -6,332.98 crore (US$−920 million) (2019)[4]
Total assetsDecrease221,891.31 crore (US$32 billion) (2019)[4]
OwnerGovernment of India
Capital ratio12.30% (2019)[4]
Websitewww.corpbank.com

Recent DevelopmentsEdit

On 14 November Corporation Bank said it raised an amount of Rs 500 crore of the Basel III compliant Tier-II Bonds (Series1) and the same has been allotted by the Securities Allotment Committee of the Board of the Bank.

On 2 December 2017, Corporation Bank launched its RuPay Select and RuPay Platinum credit cards. RuPay credit cards are accepted at all RuPay-enabled 1.5 million-plus PoS terminals and 80,000-plus e-commerce merchants in India and all ICS Partner acceptance points (POS, e-commerce merchants) globally.[7]

See alsoEdit

ReferencesEdit

  1. ^ Brief Life Story, Haji Abdullah Haji Kasim Saheb Bahadur.
  2. ^ Corporation Bank founder Haji Abdullah.
  3. ^ "PV Bharathi assumes charge as Corp Bank MD". thehindubusinessline. 3 February 2019. Retrieved 5 February 2019. She will remain in the post till March 31, 2020, the date of her superannuation.
  4. ^ a b c d e "Annual Report: 2018–19" (PDF). Corporation Bank. Retrieved 10 August 2019.
  5. ^ "A banker erased from memory". Deccan Herald. 25 February 2011. Retrieved 10 April 2019.
  6. ^ Market, Capital (23 December 2017). "Board of Corporation Bank approves raising of capital". Business Standard India. Retrieved 29 December 2017.
  7. ^ Bureau, Our (2 December 2017). "Corp Bank launches RuPay credit cards". The Hindu Business Line. Retrieved 29 December 2017.