Corporation Bank

Corporation Bank
	Corporation Bank headquarters in Mangalore
Company type	Public sector undertaking
Traded as	BSE: 532179; NSE: CORPBANK
Industry	Banking; Financial services
Founded	12 March 1906; 118 years ago
Founder	Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur
Defunct	1 April 2020
Fate	Merged with Union Bank of India
Successor	Union Bank of India
Headquarters	Mangalore, Karnataka, India
Area served	India
Key people	P. V. Bharathi; (MD & CEO)
Products	Online banking; Retail banking; Corporate banking; Finance and insurance; Investment banking; Mortgage loans; Private banking; Private equity; Savings; Securities; Asset management; Wealth management; Credit cards;
Revenue	₹17,494.70 crore (US$2.1 billion)(2019)
Operating income	₹3,894.46 crore (US$470 million) (2019)
Net income	₹−6,332.98 crore (US$−760 million) (2019)
Total assets	₹213,577.85 crore (US$26 billion) (2019)
Owner	Government of India
Number of employees	18,935 (March 2019)
Capital ratio	12.30% (2019)
Website	www.corpbank.com

Corporation Bank^[5] was a public-sector banking company headquartered in Mangalore, India. The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country.^[6] In 2019, finance minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into the Union Bank of India, with all their branches becoming branches of the latter on 1 April 2020.

^ "Brief Life Story, Haji Abdullah Haji Kasim Saheb Bahadur". Archived from the original on 10 April 2019. Retrieved 10 April 2019.
^ Corporation Bank founder Haji Abdullah.
^ "PV Bharathi assumes charge as Corp Bank MD". thehindubusinessline. 3 February 2019. Retrieved 5 February 2019. She will remain in the post till March 31, 2020, the date of her superannuation.
^ ^a ^b ^c ^d ^e ^f "Annual Report: 2018–19" (PDF). Corporation Bank. Archived from the original (PDF) on 10 August 2019. Retrieved 10 August 2019.
^ "A banker erased from memory". Deccan Herald. 25 February 2011. Retrieved 10 April 2019.
^ Market, Capital (23 December 2017). "Board of Corporation Bank approves raising of capital". Business Standard India. Retrieved 29 December 2017.

[1] "Brief Life Story, Haji Abdullah Haji Kasim Saheb Bahadur". Archived from the original on 10 April 2019. Retrieved 10 April 2019.

[2] Corporation Bank founder Haji Abdullah.

[3] "PV Bharathi assumes charge as Corp Bank MD". thehindubusinessline. 3 February 2019. Retrieved 5 February 2019. She will remain in the post till March 31, 2020, the date of her superannuation.

[Annual_Report_2018-19-4] ^ ^a ^b ^c ^d ^e ^f "Annual Report: 2018–19" (PDF). Corporation Bank. Archived from the original (PDF) on 10 August 2019. Retrieved 10 August 2019.

[5] "A banker erased from memory". Deccan Herald. 25 February 2011. Retrieved 10 April 2019.

[6] Market, Capital (23 December 2017). "Board of Corporation Bank approves raising of capital". Business Standard India. Retrieved 29 December 2017.

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