Inauguration of e-lobby by #CorporationBank at Rajajinagar in #Bangalore

Inauguration of e-lobby by #CorporationBank at Rajajinagar in #Bangalore pic.twitter.com/9vSl4143M7
— Press Release Watch (@PrReleaseWatch) October 18, 2014

S R Bansal, Chairman & Managing Director of Corporation Bank inaugurated the Bank’s ‘Corp Excel’ Branch with’24 x 7 e-Lobby’ at Rajajinagar in Bangalore.Fareed Ahmed, Circle General Manager, A K Vinod, Deputy General Manager and Zonal Head, Bangalore Zone (North) of the Bank, employees and customers were present on the occasion. 

#Corporation Bank participates in PM #Modi's “Clean India Movement”

Corporation Bank organized a cleaning campaign in Udupi as a part of PM Modi's “Swachh Bharat Abhiyan”. The employees of the Bank lead by S R Bansal, Chairman & Managing Director of the Bank took part in the cleaning campaign. Shri Shrikant, Commissioner of Udupi Municipality, General Managers, executives and employees of the Corporation Bank took part in the programme.

#Corporation Bank participates in PM #Modi's “Clean India Movement” pic.twitter.com/fJTKKzZuzk
— Press Release Watch (@PrReleaseWatch) September 30, 2014

Corporation Bank Housing & Vehicle loan Expo at St. Joseph's Indian High School grounds in Bangalore

Corporation Bank has organized Housing & Vehicle loan Expo at St. Joseph's Indian High School grounds, Bangalore.Bank Chairman & Managing Director Shri S R Bansal inagurated the event. Mrs. Swathi  S M,  Circle  General  Manager  of   Karnataka  welcomed all the public and thanked the reputed builders for enabling the Bank to organize this mega Expo at a short notice. Both the Zonal Heads Shri N Vijaya Kumar and Shri  A K Vinod were present during the event.  Also present were Shri A Suryaprakash, DGM and Dr Raveesh, Zonal Marketing Manager.

The Bank has crossed a major milestone by surpassing business of Rs.3 lakh crore and entered the league of Big Banks. As on December 2013, the total business increased on year-on-year basis by 23% to Rs.301,375 crore, whereas deposits increased by 26.68% to Rs.177,845 crore and advances increased by 18.28% to Rs.123,530 crore. The Bank’s network has spread across 7701 functional Units spread across 25 States and 3 Union territories comprising of 1830 Branches, 1945 ATMs & 3926 Branchless Banking Units as at 31.12.2013.The Bank has two representative offices at Dubai & Hong Kong. By Founders day, i.e., on 12th March 2014, the Bank is optimistic to cross 2009 branches.

Corporation Bank’s Chairman & Managing Director Shri S R Bansal , recently received the  Award of First Rank based on outstanding performance in MSE lending and Second Rank based on excellent performance in lending to micro enterprises for the financial year 2012-13 from the Hon’ble Prime Minister of India.

Shri S R Bansal, Chairman & Managing Director of the Bank while interacting with the participants in the Housing and Vehicle Loan Expo highlighted the performance of the Bank and informed that such Expos to be held throughout the Nation to enable the builders / dealers to showcase their upcoming projects / offers to the public at large which will be a single point selling for the Bank and Builders/Dealers.

Many reputed builders M/s. Bharatia Group, M/s.Mantri Developers, M/s. Shobha Developers, M/s. Vakil Group, M/s. Concorde Group, M/s. D S Max Properties P Ltd., M/s. R J Rishikaran Projects Pvt Ltd., M/s. G M Infinite Dwelling Pvt Ltd., M/s. Adani Builders, M/s. Valmark, M/s. R R Constructions, M/s. Well Nest Group, M/s. K N K Group, M/s. Prabhavathi Builders, M/s. Design Tech Builders & Developers, M/s. Ajantha Constructions & Developers, M/s. Atlantis Builders, M/s. Monito Builders and Sampurna Bhoomika Infra P Ltd., are participating.  Leading vehicle dealers  viz., M/s. Lakshmi Hyundai, M/s. Mandovi Motors, M/s. Ashok Leyland, M/s. S R S Travels and M/s. Concord Motors are also participating.

Corporation Bank signs MOU with Tata Motors for financing Commercial Vehicles

Corporation Bank has signed a Memorandum of Understanding with Tata Motors Ltd. for financing commercial vehicles of Tata Motors Ltd. on all India Basis. The MoU was signed by Shri V.S.Karthikeyan, General Manager, Corporation Bank and Shri Ramana Garigiparthy, Regional Head - Retail Channel Finance & Insurance Tata Motors Ltd. at Bangalore on February 21, 2014.

The tie up will make Corporation Bank the preferred financier for financing Tata Motors’ commercial vehicles. Corporation Bank will offer financing facilities to the eligible customers for purchasing  Tata   Motors commercial vehicles through its branches.  The combination of the expertise and the reach brought to the table by both the organizations will provide the Indian customer much easier and quicker credit facilities.
Announcing the tie up with Tata Motors Ltd., Shri. V.S. Karthikeyan, General Manager, Corporation Bank said “The Bank is in the forefront of offering value added and innovative products and services to its clients.  The tie up with Tata Motors Ltd. is one more step in this direction”. The Bank has recently introduced attractive incentive scheme to Vehicle Dealers and their Sales Executives for sourcing vehicle loan proposals.

Mrs. Swathi  S M, Circle General Manager of  Karnataka said that  this MOU will herald new era in vehicle financing and anticipated  that  Tata Motors Ltd.  will ensue that the Bank  gets  maximum business  and   mileage  and  this MOU will generate  new business avenues for both the institutions.

Shri Ramana Garigiparthy, Regional Head, Tata Motors Ltd., said “Tata Motors Ltd., a leading automobile manufacturer of India inter alia manufactures and markets various models of commercial vehicles such as medium and heavy trucks, light trucks, small commercial vehicles and entire range of buses and its variants for transportation of goods and     passengers. With its rich tradition and commitment to serve, Tata Motors has emerged as a market leader.

Corporation Bank organized SME Expo in Bidadi

Corporation Bank South Zone organized its 5th SME EXPO at JVIT Auditorium, Bidadi.  The Expo was inaugurated by Shri N Vijaya Kumar, Deputy General Manager and Zonal Head in the presence of Wing Commander [rtd] Shri Ramamurthy, Director of Jnana Vikas Sangha, Bidadi.  Bank existing and prospective customers participated in the event.

Speaking on the occasion Shri Ramamurthy covered the contributions of  SME sector for growth of small towns and employment generation. He also praised Corporation Bank for conducting such SME Expos and making the public aware of the banking facilities and to make best use of the same.

In his presidential address, Shri N Vijaya Kumar, Deputy General Manager, explained the SME sectors growth to the economy and Bank in particular which has grown more than 36% last year.  He explained how today’s SMEs can be tomorrows big corporate and quoted various success stories.  The contributions of top companies like Toyota Kirloskar Motors, Bosch, Ford, Racario India P Ltd., Namdhari group of industries in Bidadi Industrial was also appreciated by him. Stalls were put up by the reputed customers of the Bank to showcase their products.  Bank has drawn plan of action to conduct SME Expo in all industrial areas of Bangalore to create awareness of the Bank products and also to rope in new clients to the Bank’s fold.

Shri T R Prabhu, Asst General Manager, welcomed the gathering and explained the process of setting of SME Loan Centres for speedy disposal of proposals.  Shri Jagadish Prasad proposed vote of thanks.

Seen in the photograph are  :- Shri T R Prabhu , Asst General Manager, Shri N Vijaya Kumar, Deputy General Manager & Zonal Head and Shri Ramamurthy, Director of Jnana Vikas Sangha.

CORPORATION BANK HOLDS SME EXPO AT PEENYA

Corporation Bank Peenya SME Branch under the guidance of their Zonal Office, Bangalore [North] has organized a “SME EXPO” at Peenya Industries Association, Peenya Bangalore.  The meeting was organized by the bank to make aware the SME Entrepreneurs about the various products the bank is having mainly the loan products and other banking services.  The meeting was presided by Sri V S Kartikeyan, General Manager, Retail & SME Division from Head Office, Mangalore and Smt. Latha Girish, President of the Peenya Industries Association was the Chief Guest.  The meeting commenced with inauguration of the stalls of the bank where the various products were displayed and lighting the lamp by the dignitaries.

The meeting was attended by more than 100 SME clients which was a mixture of the existing and prospective clients for the bank.  The Chief Guest in her address has covered the problems of the SMEs and highlighted the present recession and given a hint to the mSMEs to be more cautious.  She has appreciated the Banks initiative of holding such meetings and making the entrepreneurs aware of the banking facilities.

In his presidential address, Sri Karthikeyan, General Manager of Corporation Bank has explained the products of the bank to the SMEs and said that the bank has now come to the customers to know their requirement, their expectations and to help the SMEs at the time of their need.  While addressing the gathering, he has explained that today SMEs are tomorrows Corporates and has quoted the success of MTD, NIRMA, Haldiram and Lays Chips and wished that the entrepreneurs from Bangalore must become such big corporate in the near future.  In the open session, the General Manager has replied to the queries of the customers with regard to financing, the guidelines on CGTMSE and also the Banks products.

Shri G Nagarajan, Deputy General Manager of Bangalore North Zone, initially welcomed the gathering and Shri N K Jayanand, Asst General Manager has made a presentation on various products of the banks to SMEs.  SME rating agency ONICRA has also explained the gathering about the rating and its importance to the SMEs and its benefits.  The meeting concluded with vote of thanks by Shri C S Venkataramu, Chief Manager of Peenya Branch.

Seen on the dias are Shri C S Venkataramu, Shri G Nagarajan, DGM, Shri V S Karthikeyan, General Manager, Ms. Latha Girish, President Peenya Ind Association and Shri N K Jayanand, AGM.