A recent press report said that Corporation Bank has launched its second zonal office in Bangalore. The bank has recently created 12 new zones across the country, taking the total number to 31.
Reports said that the Bangalore North Zone will now control 52 branches, including 13 urban centers, 74 ATMs and 204 branchless banking outlets, with total business of over Rs 4,600 crore. The Bangalore North Zone was carved out of the erstwhile Bangalore zone, with 107 branches under its control.
Mr Ramnath Pradeep, Chairman and Managing Director of the bank said the State has seven zonal offices, and contributes to 17 per cent of the total business of the bank. Karnataka accounts for Rs 30,000 crore business for the bank.
He said that the bank’s total business has crossed Rs 2 lakh crore, and that it has planned to reach business of Rs 5 lakh crore by 2015 with a spread of 2,000 branches. He added saying that the bank aims to move into the ‘big’ league from being a mid-sized bank.
The Corporation Bank has a nationwide network of 5,000 service outlets throughout India. It offers a wide variety of products including Car loan, Personal Loans, education loans etc.