Corporation Bank, public sector lender has reportedly opened one new SME (small and medium enterprises) loan centre in Mumbai on December 06, 2013. With the opening of this centre, there are now 18 SME loan centres in India. The Mumbai centre will focus on industrial estates in the city and cater to the needs of SME units.
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.
