Corporation Bank

Corporation Bank
	Corporation Bank headquarters in Mangalore
Company type	Public sector undertaking
Traded as	BSE: 532179; NSE: CORPBANK
Industry	Banking; Financial services
Founded	12 March 1906
Founder	Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur
Defunct	1 April 2020
Fate	Merged with Union Bank of India
Successor	Union Bank of India
Headquarters	Mangalore, Karnataka, India
Area served	India
Key people	P. V. Bharathi; (MD & CEO)
Products	Online banking; Retail banking; Corporate banking; Finance and insurance; Investment banking; Mortgage loans; Private banking; Private equity; Savings; Securities; Asset management; Wealth management; Credit cards;
Revenue	₹17,494.70 crore (US$2.2 billion)(2019)
Operating income	₹3,894.46 crore (US$490 million) (2019)
Net income	₹−6,332.98 crore (US$−790 million) (2019)
Total assets	₹213,577.85 crore (US$27 billion) (2019)
Owner	Government of India
Number of employees	18,935 (March 2019)
Capital ratio	12.30% (2019)
Website	www.corpbank.com

Corporation Bank 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. 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.

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