Corporation Bank is a Public Sector Bank in India with 2,298 branches, 2,933 ATM's across the country.
Corporation Bank's registered office is located at Corporation Bank, Mangaladevi Temple Road, Pandeshwar, Mangalore-575001
For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 4,070 crs. and Standalone net profit of Rs. 584 crs. Corporation Bank reported total deposits of Rs. 199,346 crs and total advances of Rs. 145,066 crs.
Corporation Bank's management is led by its CEO Mr. Sadhu Ram Bansal.
Highest fixed deposit interest offered by Corporation Bank is 7.10% per annum on deposits.
Its current Base Rate is 9.65%, which was last revised on 08th Oct 15.
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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