Corporation Bank

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Corporation bank
Public
Traded asBSE532179
NSECORPBANK
IndustryBanking, Financial services
Founded12 March 1906; 112 years ago (1906-03-12)
FounderKhan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur
HeadquartersMangalore, Karnataka, India
Key people
Jai Kumar Garg
(CEO, MD)
Productsconsumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
RevenueDecrease 19,411.24 crore (US$2.7 billion)[1]
Increase 3,095.02 crore (US$430 million) (2016)[1]
Decrease -506.48 crore (US$−70 million) (2016)[1]
Total assetsIncrease234,863.61 crore (US$33 billion) (2016)[1]
OwnerGovernment of India
Number of employees
19,569 (2016)[1]
Capital ratio10.56% (2016)[1]
Websitewww.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[edit]

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[edit]

References[edit]

  1. ^ a b c d e f "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.