UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 8
August-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1808909


Registration ID:
187687

Page Number

78-85

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Title

A Study on the Financial Performance of Corporation Bank Ltd

Abstract

Corporation Bank came into being as Canara Banking Corporation (Udipi) Limited, on 12th March, 1906, in the temple town of Udupi, by the pioneering efforts of a group of visionaries. The Bank started functioning with just Rs.5000/- as its capital and at the end of the first day, the resources stood at 30 Rupee – 13 Annas-2 Pies. The content of the first Appeal to the public dated 19th February, 1906 speaks volume about the lofty ideals and ethos behind the foundation. The Founder President Haji Abdullah declared that,"The Primary object in forming ‘Corporation’ is not only to cultivate habits of thrift amongst all classes of people, without distinction of caste or creed, but also habits of co-operation amongst all classess”. As on 30th September 2017, the Total Business of the Bank was Rs.3,29,300 crore. The Total Deposit stood at Rs.2,01,488 crore and the Total Advances were at Rs.1,27,812 crore. The Net worth rose to Rs.11,737 crore. Presently, the Bank has a network of 2501 fully automated CBS branches, 3169 ATMs and 4724 Branchless Banking Units across the country. The Bank has Representative Offices at Dubai and at Hong Kong. The Bank has extended Branchless Banking units to 4724 villages and has issued Smart Cards to all account holders in these villages for enabling them to operate their accounts at their doorsteps through the Business Correspondents appointed by the Bank. 

Key Words

Corporation,classes,enabling

Cite This Article

"A Study on the Financial Performance of Corporation Bank Ltd", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.78-85, August-2018, Available :http://www.jetir.org/papers/JETIR1808909.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A Study on the Financial Performance of Corporation Bank Ltd", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp78-85, August-2018, Available at : http://www.jetir.org/papers/JETIR1808909.pdf

Publication Details

Published Paper ID: JETIR1808909
Registration ID: 187687
Published In: Volume 5 | Issue 8 | Year August-2018
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.18280
Page No: 78-85
Country: Tirupur Dt, Tamil Nadu, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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