Corporation Bank targeting massive business growth this year

Corporation Bank targeting massive business growth this year

Mangalore based public sector Corporation Bank has claimed that they are targeting a business of Rs 55,000 crore by the end of the current fiscal. This target was set by their Chairman and Managing Director V K Chopra in a statement made to media.

He added that the bank’s business has already crossed Rs 52,000 crore now. As per data made available by the bank, Core Banking Solution (CBS) covered 87 per cent of the business of the bank at the end of January this year. They are further aiming to take it to 95 per cent by the end of the current fiscal.

Corporation Bank has also declared a dividend of 35 per cent to all its shareholders during the current year. In addition, they are also planning to announce numerous programs aimed at boosting customer service and overall efficiency as part of its centenary year celebrations. Corporation bank is also contemplating opening an offshore representative office in Dubai shortly.