Corporation Bank Opens New Branch at Akshaynagar in Bangalore
Corporation Bank, a premier public sector bank, opened its new branch at Akshaynagar in Bangalore. The new branch is located at No. 357/3, 80 Feet Road, Akshaynagar (near DLF Township) in the city. The new branch was inaugurated by Shri S N Jayaram, IAS, Commissioner, Karnataka Housing Board on September 17, 2012. Shri Amar Lal Daultani, Executive Director of the Bank presided over the function. Shri K Giridhar Shenoy, Circle General Manager, Shri N Vijaya Kumar, Deputy General Manager and Zonal Head, Bangalore South of the Bank, Customers and Employees of the Bank were present on the occasion.
The Bank has a nationwide network of over 6200 service outlets, including 1554 branches, 1280 ATMs and 3390 branchless banking units. The Bank has its Representative Offices in Dubai & Hong Kong to cater to the needs of NRI clients. The Bank controls its operations through its 31 Zones spread across the Country.
Speaking on the occasion, Shri Amar Lal Daultani, Executive Director of the Bank said, “The new branch is specially opened in Akshaynagar for the benefit of the customers. Akshaynagar is upcoming residential area having a lot of housing complexes and to encash the opportunity as well to reach out to the prospective customers, the Bank has taken this initiative”.
For the benefit of the customers and ensuing festival season, Corporation Bank has launched Grand Festival Bonanza for Various Loans Schemes of the Bank from September 01, 2012 for a limited period. The Bonanza is offered for Home Loans, Vehicle Loans, NRI Home Loans, Doctor Plus (Finance for Medical Professionals) and Vyapar Schemes (Loan for Trade & Business).
For Corp Home (Housing Loan) - Loans for construction of house/flat or purchase of ready built house/flat or take-over of housing loans from other Banks/institutions. The Floating Rate of interest for all tenors and for amount upto Rs. 50 lakhs is offered at 10.50% p.a., for amount upto Rs. 1 crore is offered at 10.75% and for amount above Rs. 1 crore is offered at 11.00%. For Corp Vehicle (Vehicle Loan) – Loans for purchase of vehicles - the rate of interest for a period of five years is offered at 11.25% and for period of seven years is offered at 11.75%. The processing charges are fully waived for Housing & Vehicle Loans. The Bank also provides an exciting “Combo Offer” for taking both Corp Home and Corp Vehicle Loan together by an additional concession in the Rate of Interest on Vehicle Loan only by 0.25%.
The Bank has a wide range of products and services which includes a host of IT Products and high tech delivery channels. The Bank is forerunner in the field of financial inclusion. It has been the thrust area for the Bank and it has actively implemented and operationalised “Branchless Banking” in 3390 locations as at the end of March 2012. For its efforts in Financial Inclusion, the Bank has bagged the Best Performance Award in SHG Bank Linkage in Karnataka from National Bank for Agriculture and Rural Development (NABARD). The Award was given to the Bank on 29th February 2012 at Bangalore. The Bank has also bagged “SKOCH Financial Inclusion Award 2012 for SHG Initiatives” instituted by SKOCH Consultancy Services Pvt. Ltd.
During it’s over 106 years of fruitful and purposeful service to the nation, the Bank has earned many accolades and awards. In the last two years the Bank has bagged many awards from various organizations. Some of them include – Most Customer Friendly Bank” by Outlook Money & TNS. Best Manpower Efficiency Award in Public Sector Bank Category at FIBAC Banking Awards 2011. First Prize Under “National Award for Excellence in Lending to Micro Enterprises” for the year 2010-11 from Ministry of Micro, Small and Medium Enterprises, Government of India. “Best Mid-Size Public Sector Bank” in the CNBC- TV18 - Best Bank and Financial Institution Awards and the recently received “Safest Banker” by The Sunday Standard FINWIZ 2012 – Best Bankers’ Award.
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