Corporation Bank, a public sector lender has received three awards at the ‘National Payments Excellence Awards 2015’ event. The function was organized by National Payments Corporation of India (NPCI). These awards were instituted for recognition of exceptional performance of member banks.
The bank has received the winner award jointly with Indian Bank for ‘Cheque Truncation System’ under the mid-sized category. The bank also received two runner-up awards for National Financial Switch for its performance in acquirer transactions and Immediate Payment Service (IMPS).
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.
