Corporation Bank was established in the year 1906. Based on the traditional Indian values of service to the community, Corporation bank is reputed as one of the well-run banks in the country.
Corporation Bank is a public sector bank with 57.17% of its share capital held by the Government of India. The bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of its share capital is presently held by the public and financial institutions.
Corporation Bank is the first Public Sector Bank to publish the results under US GAAP. The Bank has been publishing the results under the US GAAP since 1998-99. The net profit of the Corp Bank and its subsidiaries under US GAAP for the year 2004-05 stood at Rs. 435.89 crore against consolidated net profit of Rs. 350.69 crore registered under Indian GAAP method.
Corporation Bank is completing its centenary in 2006. On this occasion, the Bank has charted out a shared vision. The Bank aims to achieve a total business of Rs. 55,000 crore comprising Rs. 32,000 Crore Deposits and Rs.23,000 Crore Advances by 2005-06, the Centenary Year of the bank.
Corporation Bank is a public sector bank with 57.17% of its share capital held by the Government of India. The bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of its share capital is presently held by the public and financial institutions.
Corporation Bank is the first Public Sector Bank to publish the results under US GAAP. The Bank has been publishing the results under the US GAAP since 1998-99. The net profit of the Corp Bank and its subsidiaries under US GAAP for the year 2004-05 stood at Rs. 435.89 crore against consolidated net profit of Rs. 350.69 crore registered under Indian GAAP method.
Corporation Bank is completing its centenary in 2006. On this occasion, the Bank has charted out a shared vision. The Bank aims to achieve a total business of Rs. 55,000 crore comprising Rs. 32,000 Crore Deposits and Rs.23,000 Crore Advances by 2005-06, the Centenary Year of the bank.
