Corporation Bank had planned for special and exclusive services for senior citizens

By | July 5, 2011

A recent press report said that Corporation Bank is in the process of according special and exclusive services for senior citizens.

Mr. Narendra Singh, Executive Director of the Bank said that the bank has planned to roll out certain special services for senior citizens shortly. He said that the  Top of Form

Bank has registered Rs.2.03 Lakh crore businesses in 2010 and is targeting Rs.2.65 lakh crore businesses this year. IT has recorded a growth target of 25 percent in credit and 33 percent in deposit portfolio.

He also said that the bank has 1362 branches and is planning to add 200 branches every year over the next few years. The bank also has 1200 ATMs and proposes to add 2000ATMs within this fiscal. The loan portfolio of the bank includes home loan, personal loan, vehicle loan, education loan, business loan, etc

Mr. Narendra Singh said the Bank has representative offices in Dubai and Hong Kong and is now looking at developed countries like Sri Lanka, Zambia and a few more South African countries to launch its offices. He also said that the bank has planned to undertake a systematic survey in these countries and seek the required approval from RBI and others.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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