Corporation Bank, public sector lender has reportedly opened one new SME (small and medium enterprises) loan centre in Delhi on November 30, 2013. With the opening of this centre, there are now 17 SME loan centres in India.
Meanwhile, the bank is planning to open nine SME loan centres and a couple of retail loan centres before the end of the current financial year. The bank has sanctioned more than Rs 3,000 crore from April to October through its SME loan centres in the country.
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.
