Corporation Bank, public sector lender, has unveiled the e-mandate (digital mandate) service, a modern platform for large volume of repetitive payments. This new will be beneficial to the utility companies for monthly subscriptions/bill payments, insurance companies for premium payment by policy holders, NBFCs and other finance companies for instalment payments, education institutions for school fee payment and manufacturing companies.
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 units.
