Corporation Bank has targeted a business of Rs 55,000 crore for the current year - its centenary year - according to B R Bhat, general manager of the bank.
Until the end of December 31, 2005, the bank had recorded a total business of Rs 51,691 crore including deposits of Rs 29,634 crore and advances of Rs 22,057 crore, Bhat said.
As part of the centenary celebrations, the bank has identified education as a thrust area. It will be providing scholarships to 100 meritorious students in 25 villages identified by the bank during the year. It will set up libraries in these villages.
In addition, the bank will construct a modern library and numismatic museum at its headquarters in Mangalore. The building, which has been designed to give easy access to physically challenged people will be dedicated to the people of Mangalore on March 12.
The bank has been focussing on micro-finance as a thrust area and already has financed many projects through reputed NGOs. A sum of Rs 56 crore has been lent under micro-finance so far. The bank has financed 17,068 self-help groups including 8858 groups through NGOs.
On the bank’s activities, he said the bank’s 549 branches are under core banking solutions covering roughly 86 percent of the business of the bank. It has an 856-strong ATM network in the country, the second largest among public sector banks.
Until the end of December 31, 2005, the bank had recorded a total business of Rs 51,691 crore including deposits of Rs 29,634 crore and advances of Rs 22,057 crore, Bhat said.
As part of the centenary celebrations, the bank has identified education as a thrust area. It will be providing scholarships to 100 meritorious students in 25 villages identified by the bank during the year. It will set up libraries in these villages.
In addition, the bank will construct a modern library and numismatic museum at its headquarters in Mangalore. The building, which has been designed to give easy access to physically challenged people will be dedicated to the people of Mangalore on March 12.
The bank has been focussing on micro-finance as a thrust area and already has financed many projects through reputed NGOs. A sum of Rs 56 crore has been lent under micro-finance so far. The bank has financed 17,068 self-help groups including 8858 groups through NGOs.
On the bank’s activities, he said the bank’s 549 branches are under core banking solutions covering roughly 86 percent of the business of the bank. It has an 856-strong ATM network in the country, the second largest among public sector banks.
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