Corporation Bank Declares Open 250 New Banking Outlets

Corporation Bank Declares Open 250 New Banking Outlets

M.today

Kolkata, April 10: Corporation Bank, a premier public sector bank, declared open 250 outlets spread across various States, today. Shri Pranab Mukherjee, Hon’ble Union Minister of Finance declared open the new banking outlets at a function held by the Bank at Kolkata. Shri J.M.Garg, Chairman & Managing Director of the Bank, Shri Asit Pal & Shri Narendra Singh, Executive Directors, were present, on the occasion along with large gathering of customers. With this addition total number of Branches of the Bank, ATMs and Branchless Banking units will be 1155 branches, 1145 ATMs & 1200 branchless banking units, totalling 3500. All the units are on Core Banking and interconnected. 

 

The Bank has embarked upon ambitious branch expansion and customer acquisition programme in order to cater to diverse segments in general and financially excluded in particular. Out of 250 outlets launched today, 100 outlets are dedicated for financially excluded in villages across the country where there is no Bank Branch.

Corporation Bank is the pioneer in taking the initiative of  "Branchless Banking" project  providing Banking at the doorsteps of the remote villagers. The Bank has branded it as ‘Corp Grameen Vikas Kendra’. Under this scheme, the Bank is taking the technology to the benefit of rural populace without going through the route of opening of regular branches. There is a huge value proposition in "Branchless Banking" for those who have no access to formal financial system. Remote villagers can now carry out basic banking activities from their own village at any time of the day which is convenient to them, without losing their daily wages and also save on the transportation cost & time.

All the newly opened branches are under Core Banking Solutions, which gives  Corporation Bank customers Pan-India access.