Corporation Bank, public sector lender is planning to set up around 15 MSME (Micro, Small and Medium Enterprises) loan centres across the country by the end of current financial year. This new loan centre will have a dedicated relationship manager backed with processing teams to cater to the financial requirements of MSME entrepreneurs.
The bank is currently focusing to increase its retail loan portfolio in the next one year to 25% with more user-friendly strategies. Presently, the bank’s retail portfolio is around 15% of its total portfolio.
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.
