Corporation Bank, a public sector lender has unveiled the ‘Corp Bullion Plus’ scheme for selling gold. Under this scheme, the gold will be sold to jewellery traders and manufactures at market-driven prices for both domestic and export purposes.
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.