Corporation Bank is looking to open around 500 branches in FY15. The branches will be focusing on MSME (micro, small and medium enterprises), agriculture and retail sectors, and on mobilising more CASA (current account, savings account) deposits.
At present, the bank has a total of 2,021 branches in the country and 314 of these were opened in 2013-14.
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.
