Corporation Bank

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Corporation Bank is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence. Presently, the bank has a network of 2,440 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. The bank has representative offices in Dubai and Hong Kong. As of 31 March 2016, the total business of the bank was 345,493 crore. Total deposits stood at 205,171 crore and total advances were 140,322 crore. The bank’s net worth rose to 11,344 crore.Corporation Bank, the oldest banking institution in the erstwhile undivided Dakshina Kannada(Mangalore)District of Karnataka and one of the oldest banks in India, was founded in 12th March 1906 in the TempleTown of Udupi, by a small group of philanthropists led by Khan Bahadur Haji Abdulla Haji Kasim SahebBahadur. The need to start this bank was felt because there was no such facility at Udupi, an important trading center next to Mangalore in D.K. District. The indigenous banking was largely in the hands of a few rich private individuals and something had to be done to provide relief to the common man from the clutches of the money lenders who held full sway. The first branch of a modern bank established in the district was the Bank of Madras, one of the three Presidency Banks, which set up its office in Mangalore in1868 largely to cater to the business needs of a few British firms dealing in export of plantation products