Corporation Bank has inaugurated two new branches in Sivagangai district of Tamil Nadu. Finance Minister, P Chidambaram has inaugurated these branches in SR Pattanam and Salaigramam.
Further, the Finance Minister has distributed loans amounting to Rs 28.90 lakh to 23 SHGs and nine education loans at SR Pattanam and loans amounting to Rs 37.50 lakh to 15 SHGs and 10 education loans at Salaigramam.
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.
