Corporation Bank has won first rank based on outstanding performance in MSE lending and second rank based on excellent performance in lending to micro enterprises. The bank received the national excellence award from Prime Minister Manmohan Singh at a function held at Vigyan Bhawan, New Delhi on March 01, 2014.
The union ministry of micro, small and medium enterprises has conferred the award. The first national award under MSE lending and the second award for lending to micro enterprises were for financial year 2012-13. The micro and small enterprises portfolio of the bank stood at Rs 21,995 crore as on December 31, 2013 as against Rs 18,555 crore as on March 31, 2013. The Y-O-Y growth under the sector was Rs 5,313 crore (32%).
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.
