Corporation Bank has inaugurated its first common service centre (CSC) in Dharavi, Mumbai. In order to extend outreach of business correspondent agent, bank has tied up with CSC e - Governance Service India, with an objective to cater to financial needs of financially excluded small people in unbanked urban wards/booths. The bank has made necessary infrastructure arrangements for implementation of CSCs. The software uses biometric authentication to identify the user and to authorise transactions in the person’s bank account.
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.
