Corporation Bank, public sector lender is reportedly planning to set up retail and SME loan centres to reduce loan processing time. Currently, the bank has 28 retail loan centres and 16 SME loan centres. The bank is planning to set up 9 SME loan centre and a couple of retail loan centres before the end of the current financial year.
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. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.
