Corporation Bank has opened its forex hub in Bengaluru, which will be act as central processing unit for branches of the bank for forex transactions across southern India. The bank will set up two more forex hub in Mumbai and Delhi.
Corporation Bank is a Mangalore-based mid-sized public sector bank. 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.
