CORPORATION BANK
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
It facilitates the following deposit schemes for NRIs:
1. Schemes without repatriation facility
1. NRO deposits
2. Schemes with repatriation facility
1. NRE deposits
2. FCNR(B) deposits
3. 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.
Corporation Bank Website
www.corpbank.com
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
It facilitates the following deposit schemes for NRIs:
1. Schemes without repatriation facility
1. NRO deposits
2. Schemes with repatriation facility
1. NRE deposits
2. FCNR(B) deposits
3. 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.
Corporation Bank Website
www.corpbank.com
Labels: CORPORATION BANK
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