Introduction

Corporation Bank is a public sector banking company headquartered in Mangalore,

India. The bank has a pan-India presence. Presently the bank has a network of 2,440
fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units
across the country. The bank has representative offices in Dubai and Hong Kong.

As of 31 March 2016, the total business of the bank was 345,493 crore
(US$51 billion). Total deposits stood at 205,171 crore (US$30 billion) and total
advances were 140,322 crore (US$21 billion). The bank's net worth rose to 11,344
crore (US$1.7 billion).

Corporation Bank was nationalized in the year 1980.

In 1997, it was the second public sector bank in the India to enter capital market; It
IPO was oversubscribed by 13 times.

Corporation Banks Lower Tier II bonds aggregating to Rs 500 crore were assigned
'CARE AAA' rating and its Upper Tier II/Perpetual Bonds issue of
Rs 1,000 crore was also assigned 'CARE AAA' rating by Credit Analysis and
Research.

History

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Corporation Bank, the oldest banking institution in the erstwhile undivided South
Canara District of the Madras Presidency and one of the oldest banks in India, was
founded on 12 March 1906 in the Temple Town of Udupi, by a small group of
philanthropists led by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur.

The Canara Banking Corporation (Udupi) Limited, as the institution was called
then, started functioning as a Nidhi with a humble beginning. The initial capital was
5,000/- and at the end of the first day, its resources stood at 38 rupees - 13 annas and
2 pies.

The second change in the name of the bank occurred in 1972, from Canara Banking
Corporation Ltd. to Corporation Bank Limited. The bank was nationalised in
1980 along with 5 other private sector banks. After nationalisation, the pace of
growth of the bank accelerated and it made all-round progress. Started as a common
man's bank, it changed with the times to meet the aspirations of the people but never
swerved from its motto- Sarve Janah Sukhino Bhavantu meaning Prosperity for All.

It endeavoured and succeeded in striking a right balance between traditional values

and innovative approach, personalised service and professional outlook and
commercial considerations and public concern. One of the unique achievements of
the bank is that it has been paying dividend continuously for the last 98 years since its
inception.

Today, with the most modern technology-driven products and services and
nationwide branches & ATMs, Corporation Bank stands tall among the public sector
banks in India and is hailed as one among the well-managed public sector banks with
excellent track record in all the key parameters of banking. The bank has the second
largest ATM network in the public sector.

Services

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Personal Banking Under this, it offers various products and services such saving
account, loans, deposits, ATM facility, RTGS/NEFT facility, internet banking, demat
services, etc.

NRI Banking Besides various personal banking products, it also offers remittance
services, consultancy services to its NRI Clients.

Corporates To corporates, it offers various products and services such as corporate

accounts, term finance, working capital loans, RTGS, NEFT, CMS,

Priority and SME It also caters products and services to Priority and SME segment
such as providing various kinds of products to meet their various business
requirements.

Customers looking for corporate and international business support can look for its
personalized services like Gold Card Scheme for Exporters. The bank has introduced
an effective range of products and services to meet the needs of the customers who
run Micro and Small Enterprises (MSE). Forex, Cash Management, Project Finance,
Corp Vyapar, Corp Rental and Working Capital are just to name a few of them.

For NRI customers, the Corporation Bank arranges for Speed Cash and Speed
Remittance, Corp Quick Remit, loans, deposits and portfolio services. Forex
Facilities for Residents, NRIs or PIOs are also available.

In the field of personal banking services, any customer can seek services like Corp
Pragathi Account, Current Account, Term Deposit, EMI / Deposit Maturity
Calculator, Home Loan and Insurance, Savings Bank A/C and Loans. This bank
assists in the sale of gold coins and bars. For the convenience of the customers, ATM
Locator has also been introduced.

Awards

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 In its journey to cater successfully to the needs of valuable customers, Corporation
Bank has bagged many awards and accolades. Some of them are as follows:

National Award for Assistance to Exporters Gem & Jewellery Export

Promotion Council Award (it won this award 5 times in a row from 1981
to 1985)

Shiromani Award for Banking

Best Bank Award for Excellence in Banking Technology

Best Bank Award for Innovative Usage and Application on INFINET (Indian
Financial Network)

Best Bank Award for Delivery Channels

Runner-up Awards in the categories of "Best Online and Multi-channel Banking

Team" and "Outstanding achiever of the year-corporate". Corporation Bank has been
recognized as one of the Best Public Sector Banks in India by Business Today on 26
February 2006.

Prior to this, Forbes Global announced it one of the Best 200/100 companies in
Asia/Pacific and Europe. Outlook Money called it Best Public Sector Bank in India
and The Asian Banker said it to be the strongest bank in India and second strongest in
Asia.

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