Corporation Bank, Mangalore-based lender has introduced its new SME loan centre in Mangalore on August 11. The centre was formally introduced by Ajai Kumar, Chairman and Managing Director of the bank. Aiming to cater the SME segment in a big way, the loan centre will have dedicated relationship managers and officers to pay focused attention to the customers.
The bank has registered a rise of 5.35% in its net profit at Rs 370.26 crore for the quarter under review as compared to Rs 351.45 crore for the same quarter in the previous year. Total income of the bank has increased by 22.60% at Rs 3978.24 crore for Q1FY13 as compared Rs 3244.79 crore for the corresponding quarter previous year.
