Since 1906, Corporation Bank in India is
dedicated to give vast, varied and versatile services to the nation with
a comfort and zeal stealing the common say in the Banking Sector, "The
Bank of Pride". Close to hit the mark '100 years at your service',
Corporation Bank India has regularly tried to keep a personal touch with
customers.
Corporation Bank India is one of the well-run Public Sector Bank in
India. The key factor of the success of Corporation Bank India is its
young and dynamic manpower which gives service with efficiency and
dedication. Even in this era of technology and stiff competition, Corp
Bank is rapidly growing confidence among its clients.
Corp Bank came out with its Initial Public Offer (IPO) in October 1997.
37.87% of share Capital is presently held by the Public and Financial
Institutions. 57.17% of Share Capital is held by the Government of
India. On 31.12.2003, the Net Worth of Corporation Bank was Rs.2,755
crore.
US GAAP
Among the Public Sector Bank, Corporation Bank of India is the first to
publish the results under US GAAP. It has been doing it since 1998-99.
With this method, the consolidated net profit is registered to be Rs.
415.99 for the year 2002-03.
Human Resource of Corporation Bank in India
10,176 fulltime dedicated employees (as on 31.03.04) is encouraging the
Corporation Bank to perform to the best possible and comfortable service
provider to customers.
| Particulars |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
| Manpower in the Bank |
10,295 |
10,238 |
10,164 |
10,176 |
Productivity of Corporation Bank in India
| |
|
1999 - 2000 |
2000- 2001 |
31.03.2002 |
31.12.2003 |
| Productivity in terms
of business per employee |
Bank |
220.39 |
245.99 |
291.63 |
319.4 |
| Industry |
117.93 |
154 |
187 |
187 |
| Net Profit Per Employee |
|
2.32 |
2.55 |
3 |
5.06 |
Technology
100 per cent of the Bank Corp business is computerised along with all
the branches. Bank Corp has over 600 ATMs spreading over 21 States and 2
Union Territories. Bank Corp has a tie-up arrangements of sharing ATM
network with, ING Vysya Bank Ltd., Andhra Bank and IndusInd Bank Ltd.
In January 2004, the Bank Corp became the member of "Cashnet",
shared ATM network managed by Euronet. This arrangement extended the
facilities of cardholders to use over 2,500 ATMs.
Abreast of it, Corp Bank also giving services through internet. One can
operate his/her account online.
Corporation Bank NRI Section
It maintains foreign currency accounts (Nostro) with reputed
international banks in 15 major currencies. These are as follows:
| Sl No |
Name and address of the Bank |
Currency |
Account Number |
| 1 |
CITI BANK 111 Wall Street, 16th
floor Zone 1, NY 10043 NEW YORK, USA - Routing No.021000089 |
US $ |
36006674 |
| 2 |
J P MORGAN CHASE BANK N.A Church
Street Station, P.O. BOX NO. 932, NEW YORK city, NY-10008-0932 USA |
US $ |
001-1-400603 |
| 3 |
HSBC Bank PLC(UK) International
Division P.B.No.181,110-114, Cannon Street London EC4N6AA UK |
GBP |
00-263000 |
| 4 |
STANDARD CHARTERED BANK PLC 1,
Aldermerbury Square LONDON-EC 2U 7SB - UK |
GBP |
1708176696 |
| 5 |
SOCIETE GENERALE BP-31709 75454,
Paris cedex-09 France |
EUR |
002-016-204000 |
| 6 |
Commerze Bank AG 60261 Frankfurt
Ammain Frankfurt, Germany |
Euro |
400-875085300 |
It facilitates the following deposit schemes for NRIs:
- Schemes without repatriation facility
- NRO deposits
- Schemes with repatriation facility
- NRE deposits
- FCNR(B) deposits
- RFC deposits(on return)
Type of deposits in [a] and [b]
- Current accounts [not in FCNR (B)]
- Savings Bank accounts [not in FCNR (B)]
- Fixed Deposits
- Cash Certificates
- Money-Flex deposits
- Recurring deposits [not in FCNR (B)]
Awards and Rewards of Corporation Bank India
- Best Bank Award for Excellence in Banking Technology in the
financial year 2001-2002.
- Best Award for Innovative use of Banking applications on INFINET
in the financial year 2002-03.
- Best Bank Award - Delivery Channels from the Institute for
Development and Research in Banking Technology (IDRBT) during the
year 2003-2004.
- 'The Asian Banker', Singapore, rated as the Second Strongest Bank
in Asia and the Strongest in India.
- The 'Forbes Global', Hongkong, included it in the list of the
Best 200 Companies worldover outside the US having turnover under a
billion US $.
- Business Today - KPMG survey' rated as the Best Public Sector
Bank.
- Bagged the Best Public Sector Bank Award instituted by the
personal finance magazine - Outlook Money.
Centenary Year Mission
To achieve a total business of Rs. 70,000 crore comprising Rs. 45,000
Crore Deposits and Rs.25,000 Crore Advances.
Milestone
- Founded in 1906 at the temple town of Udupi (Karnataka).
- Corp Bank became the third bank in the country in 1952 to receive
a licence from the RBI as Scheduled Bank.
- The Bank of Citizens was merged with it in the year 1961.
- It was nationalised in April 1980.
Corporate Office
Mangladevi Temple Road, Pandeshwar, Mangalore - 575 001
Ph: 91 - 824 - 2426416 to 420
Fax: 91 - 824 - 2440964
www.corpbank.com
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