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Here is a brief history and profile of Corporation Bank, India

Corporation Bank

Corporation Bank is an Indian bank based in Mangalore, Karnataka. The bank was founded in the year 1906 at a town named Udupi in Karnataka with an investment of just Rs. 5000. A group of enthusiasts including Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur were the founders of the bank. Interestingly, Udupi was not much far from Mangalore, and the banking needs of the people were being solely controlled by some local rich individuals. Hence, to find a way out of the existing monopoly of the money lenders, Corporation Bank was established with the initial name ‘The Canara Banking Corporation (Udupi) Ltd’.

Key Attributes
Corporation Bank has an array of awards and recognitions to its credit, including National Award for Assistance to Exporters from the President of India for the year 1976-77, Shiromani Award for Banking from Union Minister of Commerce in the year 1992, Best Bank Award for Excellence in Banking Technology from Institute for Development and Research in Banking Technology (IDRBT) in the year 2001, and Best Bank Award for Innovative Usage and Application on INFINET (Indian Financial Network) from the same institution in the year 2002.

Apart from it, Corporation Bank has been the path breaker among the Indian banks in many ways, as it was the first bank in the country to launch Cash Management Services, Gold Banking, m-Commerce and 100% Core Banking Services (CBS) compliance.

Products and Services
Corporation Bank offers a wide range of banking products and services to its customers, including Personal Banking Services, Internet Banking Services, Value Added Banking Services, Corporate Banking Services and Credit Card & Debit Card Services. The bank allocates due attention towards its corporate and international business customers, bringing some customized services such as Gold Card Scheme for Exporters. Also, the bank has introduced some specialized services to cater to the specific needs of Micro and Small Enterprises (MSE) customers, enabling them leverage its potential to their maximum benefit.

Head Office
Corporation Bank
Mangaladevi Temple Road
Pandeshwar
MANGALORE 575 001
Karnataka, India
Website: http://www.corpbank.com