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Corporation Bank IFSC Code and MICR Code:

Corporation Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Corporation Bank IFSC Code

About Corporation Bank

Corporation Bank is one of the public sectors banking company in India. Its headquartered is located in Mangalore, in the state of Karnataka, in India. As of 30 January 2015, this particular bank has made its pan-India presence with 4,000 branchless banking units, 3,200 + ATMs and 3,200 branches. It was founded on 12 March 1906, in Udupi that is nearly 109 years ago. Its popular products are Loans, Credit Cards, Savings, Investment vehicles, etc. It comes with slogan “A Premier Government of India Enterprise” and “Prosperity for All”.

Projects of Corporation Bank:

• It largely cater to the Small and medium scale enterprises and agricultural segments, the also bank perfectly maintains SME loan centres in an exclusive manner in sixteen cities across India.
• The bank provides and maintains online banking for its corporate and retail customers through a system known as CorpNet.
• The bank also permits personal Internet banking by this particular application.
• The bank runs different types of projects such as organizational management project and Project Sankalp which is a business process re-engineering.
• The bank has a popular wing called Corp Kiran, which is an association of wives of senior executives of Corporation Bank who largely undertakes banking and financial activities related to CSR that means corporate social responsibilities in a successful manner.

Corp Bank IFSC Code and MIRC code

Corporation Bank Indian Financial System Code is begins with CORP0******. This code is an eleven digit code that is essentially required in the fund transfers such as NEFT, RTGS and IMPS. On the other hand, the MICR, NEFT and RTGS codes are largely used in the respective processes online in a successful manner. The IFSC code is perfectly used for identification of branch in the overall banking process and its related activities. The IFSC code is rightly designed by the Reserve Bank of India such that the last six digits of the said code represent uniquely each branch of a particular bank.

How to Search Corporation Bank IFSC and MICR codes?

You can easily find Corp Bank IFSC code and MICR codes in the drop down menu by just filling the following fields.
• Bank wise
• State wise
• City wise
• Area wise

You can use perfectly the drop down menus for a quick selection to get IFSC Code for Corporation Bank branches, branch code and the MICR code plus branch address, branch name, branch address and phone numbers.

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Corporation Bank IFSC Code News:

Insurance policy launched by Corp Bank

Both the managing director and chief executive officer of Corporation bank, Jai Kumar Garg, declared of launching some “group credit life insurance scheme” of LIC India, here at Mangaluru today. According to the further news, the scheme will be available mostly for those who have already taken a loan from the bank and are of age of 18-60 years of age. It is nothing but a single premium group term. It also has the insurance policy of offering insurance cover for the customer taking loans, in the case of death of the borrower. The scheme not only covers agricultural loan, but also small loan, and MSME loans also. Adding further, while was in talking terms with the reporters, Mr. Garg said about the scheme that, it will be available initially at the Mangaluru city branches and would later on be extended on all the branches of the bank throughout the country.

2016/08/09 08:42 AM

Recapitalization amount of Rs. 677 crore made Corporation Bank surge by 1% up

As per the government announcement 13 public sector banks (PSBs) will receive the amount of       Rs.23, 000 crore for recapitalization.  As a result of the government declaration of Rs. 23, 000 crore amount for recapitalization of 13 public sector banks, share price of Corporation Bank surged by 1.18%. Hence, on the list of BSE, Corporation Bank share price reached to Rs. 42.80. Recapitalization amount received by Corporation Bank will be Rs.677 crore. The opening share price was Rs.43 and reached high price of Rs.43.9 and low price equal to Rs. 42. Considering both NSE and BSE trading counter, 829569 shares have been traded till now. Rs. 4325.11 crore is company’s current market capitalization value.

On 18th August-2015, the BSE group “A” stock of face value Rs. 2 reached a high of Rs. 56.25 in last 52 weeks. Whereas, on 25th Feb-2016 it reached Rs.30.75, which is 52 week low price. In the last week, Rs. 45.2 and Rs. 41.75 were high and low share price respectively. 67.2% of the company is held by the promoter whereas institutional investors own 26.51% of the company and non-institutional investor own 6.29%. Presently, the stock of the company is trading more than its 200 Daily Moving Average.

2016/07/22 03:23 AM

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