Corporation Bank is planning to open around 300 more branches this fiscal and another 900-1000 branches in the next three years. The bank has opened 207 branches in 2012-13 and its current branch strength stands at around 1,707. The bank would also increase the number of ATMs from 1,400 to 5,000 in the next three years whereby every branch would have an ATM.
During 2012-13 fiscal, the bank has managed to recover/upgrade loans worth Rs 1,509 crore against Rs 758 crore in the previous fiscal. It is among the top five public sector banks in almost 13 parameters.
The bank has reported 1.2% rise in net profit at Rs 356 crore for the fourth quarter of 2013 against Rs 351.3 crore in corresponding quarter of last fiscal. The total income for the same period grew by 15.6% at Rs 4,635.49 crore against Rs 4009.17 crore corresponding quarter of last fiscal.
