Английская Википедия:Corporation Bank
Шаблон:Short description Шаблон:Use dmy dates Шаблон:Use Indian English Шаблон:Infobox company
Corporation Bank[1] was a public-sector banking company headquartered in Mangalore, India. The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country.[2] In 2019, finance minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into the Union Bank of India, with all their branches becoming branches of the latter on 1 April 2020.
History
Corporation Bank was founded on 12 March 1906 in Udupi, with Шаблон:INR capital, Haji Abdulla Haji Khasim Saheb Bahadur as founding president, and guided by the principles of the Swadeshi movement of Bal Gangadhar Tilak.[3]
On 14 November, Corporation Bank said it raised an amount of Шаблон:INR of the Basel III compliant Tier-II Bonds (Series1) and the same has been allotted by the Securities Allotment Committee of the Board of the Bank.
On 2 December 2017, Corporation Bank launched its RuPay Select and RuPay Platinum credit cards. RuPay credit cards are accepted at all RuPay-enabled 1.5 million-plus PoS terminals and 80,000-plus e-commerce merchants in India and all ICS Partner acceptance points (POS, e-commerce merchants) globally.[4]
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into Union Bank of India. The proposed merger would make Union Bank of India the fifth largest public sector bank in the country with assets of Шаблон:INRConvert and 9,609 branches.[5][6] The Board of Directors of Andhra Bank approved the merger on 13 September.[7][8] The Union Cabinet approved the merger on 4 March, and it was completed on 1 April 2020.[9]
See also
References
External links
- Английская Википедия
- Defunct banks of India
- Indian companies established in 1906
- Banks established in 1906
- Banks disestablished in 2020
- Indian companies disestablished in 2020
- Companies nationalised by the Government of India
- Banks based in Karnataka
- Companies based in Mangalore
- Companies formerly listed on the Bombay Stock Exchange
- Companies formerly listed on the National Stock Exchange of India
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