Corporation Bank, public sector lender is reportedly planning to open 10 branches in the Northeastern part of the India by March 2014. The bank will open 4 branches in Guwahati, while remaining six branches will be open in other part of Northeastern India. The bank is also planning to open its zonal office in Guwahati in the next year. Recently, the bank has inaugurated a branch at Nalbari in Assam.
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.
