Corporation Bank is expecting to get a capital infusion of Rs 857 crore by the government by September 2015. After the recapitalization, the bank's capital adequacy ratio will cross 12%, which was around 11.28% at the end of the quarter ended June 2015.
Besides, the bank will roll out the latest version of core banking solution (CBS) by December 2015 on a pilot basis. By the end of this financial year, it expects to cover all its 2350 branches under the latest version of CBS. The up gradation will cost the bank around Rs 360 crore.
The bank is also planning to start new forex hubs in Bengaluru and Mumbai, which will be connected to all its urban branches by December this year. Further, the bank has planned to have similar hubs in Kolkata, Ahemdabad and Delhi.
