Corporation Bank, public sector lender is planning to increase its retail loan portfolio in the next one year to 25% with more user-friendly strategies. Currently, the bank’s retail portfolio is around 15% of its total portfolio. The bank is also planning to open 300 new branches during the current financial year out of which 150 have already been opened.
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.
