Corporation Bank, public sector lender, has opened its new branch at Perlampady in Kolthige village in Karnataka. The Perlampady branch is the 51st branch under Mangalore Zone of the bank and 19th rural branch opened under un-banked rural centre in the zone. Earlier, the bank had opened one SME (small and medium enterprises) loan centre in Ludhiana on April 23, 2014.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.
