4-576: Corporation Bank was a public-sector banking company headquartered in Mangalore, India . The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs , and 4,724 branchless banking units across the country. In 2019, finance minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into the Union Bank of India , with all their branches becoming branches of
8-812: The Securities Allotment Committee of the Board of the Bank. On 2 December 2017, Corporation Bank launched its RuPay Select and RuPay Platinum credit cards. RuPay credit cards are accepted at all RuPay-enabled 1.5 million-plus PoS terminals and 80,000-plus e-commerce merchants in India and all ICS Partner acceptance points (POS, e-commerce merchants) globally. On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into Union Bank of India . The proposed merger would make Union Bank of India
12-510: The fifth largest public sector bank in the country with assets of ₹ 14.59 lakh crore (US$ 170 billion) and 9,609 branches. The Board of Directors of Andhra Bank approved the merger on 13 September. The Union Cabinet approved the merger on 4 March, and it was completed on 1 April 2020. Mangalore, India Too Many Requests If you report this error to the Wikimedia System Administrators, please include
16-581: The latter on 1 April 2020. Corporation Bank was founded on 12 March 1906 in Udupi , with ₹5,000 capital, Haji Abdulla Haji Khasim Saheb Bahadur as founding president, and guided by the principles of the Swadeshi movement of Bal Gangadhar Tilak . On 14 November, Corporation Bank said it raised an amount of ₹500 crore of the Basel III compliant Tier-II Bonds (Series1) and the same has been allotted by
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