Corporation Bank

Company

Investment-firm

General

About Company
Corporation Bank is a public sector commercial bank in India that offers personal and corporate banking products and services.

Industry

Sector :

Subsector :

Also Known As

Canara Banking Corporation (Udipi) Limited, Canara Banking Corporation (Udipi)

founded date

01.01.1906

Number of employees

Company Type

For Profit

IPO status

Private

Description

Founded in 1906, Corporation Bank has a network of over 2,400 branches, 3,040 ATMs, and 4,724 branchless banking units across the country. The bank provides services such as savings accounts, loans, insurance, and cash management. It has also expanded internationally with representative offices in Dubai and Hong Kong. In recent years, the bank has focused on leveraging technology to bring banking services to rural areas through low-cost branchless banking. However, in 2018, the bank recorded a net loss of $628 million.