Corporation Bank

Corporation bank
Public
Traded as BSE: 532179
NSE: CORPBANK
Industry Banking, Financial services
Founded 12 March 1906 (1906-03-12)
Founder Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur
Headquarters Mangalore, Karnataka, India
Key people
 Jai Kumar Garg
(CEO, MD)
Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
Revenue Decrease ₹19,411.24 crore (US$2.7 billion)[1]
Increase ₹3,095.02 crore (US$430 million) (2016)[1]
Decrease ₹-506.48 crore (US$−71 million) (2016)[1]
Total assets Increase₹234,863.61 crore (US$33 billion) (2016)[1]
Owner Government of India
Number of employees
 19,569 (2016)[1]
Capital ratio 10.56% (2016)[1]
Website www.corpbank.com

Corporation Bank 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.[2]

Recent Developments

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.[3][4]

See also

References

  1. 1 2 3 4 5 6 "Annual Report of Corporation Bank" (PDF).
  2. ↑ Market, Capital (2017-12-23). "Board of Corporation Bank approves raising of capital". Business Standard India. Retrieved 2017-12-29.
  3. ↑ http://m.thehindubusinessline.com/money-and-banking/corp-bank-launches-rupay-credit-cards/article9980178.ece
  4. ↑ Bureau, Our (2017-12-02). "Corp Bank launches RuPay credit cards". The Hindu Business Line. Retrieved 2017-12-29.
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