Corporation Bank, a Mangalore-based lender has participated in the transformational financial inclusion mission, Pradhan Mantri Jan Dhan Yojana (PMJDY), by opening 9.94 lakh accounts till September 26, 2014. Though these are zero-balance accounts, they have a balance of Rs 160.96 crore. Besides, the bank is planning to open around 20 lakh accounts by January 26, 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. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking unit
