A recent press report said that Mr. Ajai Kumar has assumed charge as Chairman and Managing Director (CMD) of Corporation Bank. Mr. Kumar, has worked as General Manager in Bank of Baroda and as Executive Director in UCO Bank, and has a wide experience in domestic and overseas operations.
Reports said that Mr. Kumar combining his experience with the work culture and commitment of people in Corporation Bank is aiming to take the bank to the next level. When asked how he would take the bank to the next level, Mr. Kumar said that the bank being a good one should be translated into excellence. He said that the he can make it possible with the strength of people, which he has witnessed in the last three days.
When asked about the financial inclusion he said that the bank has done good work in financial inclusion and that he had a lot of interest in financial inclusion, and will be very much included in financial inclusion program of the bank.
Additional Reading: P V Bharathi assumes charge as CEO of Corporation Bank
The Corporation Bank has a nationwide network of 5,000 service outlets throughout India. It has planned to open 200 branches every year and this fiscal, 50-60 branches have already been added to the bank’s network. It offers a wide variety of products including Car loan, Personal Loans, education loans etc.