My experience has been average. The rate of interest higher than other private sector banks and processing is low with lot of paper work. However the bank manager was prompt in solving the issues I faced with the loanMoreLess
Reviewed on 26th Nov 14
2.5 / 5 stars
Costly loan, but satisfactory customer service
Corporation Bank Home Loan Availed in Oct 2014
When I approached Corporation Bank for loan, the branch manager was prompt in explaining the loan and documentation requirement. I run a business and hence, Was not clear on the documents that are required for the loan. Did not check with many other banks. However, I feel that the rate of interest is very high at 14%. My business colleagues have taken such loans at 12-13%. What can I do now. Can anyone suggest?MoreLess
07th Dec 16 Corporation Bank bags Best MSME Bank award
Corporation Bank has received Best MSME Bank award 2016. The award was instituted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) at SMEs Excellence Award 2016 held at New Delhi on 6th December, 2016. Banks in this category were evaluated on the basis of growth, technology, innovation, CSR activity, targets and quality in MSME sector.
10th Aug 16 Corporation Bank Q1 Net Profit down Rs. 168 cr
As per Q1 FY17 results, Corporation Bank has registered a drop of 82.41 per cent in net profit to Rs. 35.92 crore in the June quarter of FY17 from Rs. 204.26 crore in the corresponding period of previous fiscal. The gross and net NPAs as a percentage stood at 11.52 per cent and at 7.22 per cent, respectively, during the June quarter of FY17. The net interest income of Corporation Bank stood at Rs. 1031.16 crore in the June quarter of FY17 from Rs. 1080.72 crore in the same period of previous fiscal.
09th Feb 16 Corporation Bank launches two new term deposit schemes
Corporation Bank has launched two new term deposit schemes, namely super gain plus and power plus which offer higher rate of interest to depositors
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