Corporation Bank, founded in 1906 in Udupi, Karnataka state, India, is one of the Indian banks in Public Sector Undertaking. The bank was founded with an initial capital of Rs. 5000 (USD 100), and first day’s canvassed resources of less than one USD 1, has currently (31 March 2004) 11,325 full time employees, and operates from several branches in India. This article does not cite any references or sources. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. ... Udupi is a temple town located in Udupi District, near Mangalore, Karnataka state on the south west coast of India. ... 1906 (MCMVI) was a common year starting on Monday (see link for calendar). ... , Mangalore (IPA:ˈmaÅ‹-gÉ™-ËŒlȯr; Kannada: ಮಂಗಳೂರು, MangalÅ«ru; Tulu: Kudla, ಕುಡ್ಲ; Konkani: Kodial, ಕೊಡಿಯಾಲ್; Beary: Maikala, ಮೈಕಲ)   is the chief port city of the Indian state of Karnataka. ... For other uses, see Bank (disambiguation). ... A loan is a type of debt. ... This article is about the payment system. ... In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... RS has different meanings depending on the context: Republika Srpska, one of the two political entities that compose the state of Bosnia and Herzegovina. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... RS has different meanings depending on the context: Republika Srpska, one of the two political entities that compose the state of Bosnia and Herzegovina. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... , For other uses, see Udupi (disambiguation). ... This article is about the Indian region. ... India is a federal republic comprising twenty-eight states and seven union territories. ... A Public Sector Undertaking is a corporation in the public sector in India, where management control of the company rests with the Government, it can be Central Government or the State Governments. ... is the 90th day of the year (91st in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

The Bank is a Public Sector Unit with 57.17% of Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of Share Capital is presently held by the Public and Financial Institutions. The Bank’s Net Worth stood at Rs.3,054.92 crores as on 31 March 2005. A crore is a unit in a traditional number system, still widely used in India. ... is the 90th day of the year (91st in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

The bank has the distinction of the first Indian bank to publish its financial results (1998-99) conforming to US GAAP. Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States. ...

History

Corporation Bank, the oldest banking institution in the erstwhile undivided Dakshina Kannada District of Karnataka and one of the oldest banks in India, was founded in 1906 in the Temple Town of Udupi, by a small group of philanthropists led by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur. The need to start this bank was felt because there was no such facility at Udupi, an important trading centre next to Mangalore in D.K. District. The indigenous banking was largely in the hands of a few rich private individuals and something had to be done to provide relief to the common man from the clutches of the money lenders who held full sway. The first branch of a modern bank established in the district was the Bank of Madras, one of the three Presidency Banks, which set up its office in Mangalore in 1868 largely to cater to the business needs of a few British firms dealing in export of plantation products. Its agent used to visit Udupi once a fortnight or so, to do banking. Money remittances had to be made only through postal medium. This article is about institutions as social mechanisms. ... Kannada - aptly described as sirigannada (known to few as Kanarese) is one of the oldest Dravidian languages and is spoken in its various dialects by roughly 45 million people. ... This article is about the Indian region. ... , For other uses, see Udupi (disambiguation). ... , Mangalore (IPA:ˈmaÅ‹-gÉ™-ËŒlȯr; Kannada: ಮಂಗಳೂರು, MangalÅ«ru; Tulu: Kudla, ಕುಡ್ಲ; Konkani: Kodial, ಕೊಡಿಯಾಲ್; Beary: Maikala, ಮೈಕಲ)   is the chief port city of the Indian state of Karnataka. ... The Bank of Madras, one of the three Presidency Banks, the other two being, the Bank of Calcutta and the Bank of Mumbai, was established on 1st July 1843, and was headquartered in Madras, now Chennai. ... The word Presidency is often used to describe the collective administrative and governmental entity that exists around an office of president of a state or nation. ... This article is about crop plantations. ... Postal can refer to: the postal service the band The Postal Service the US slang phrase going postal, a form of mass murder or killing spree Postal, a series of controversial computer games (based on the previous expression) developed by Running With Scissors This is a disambiguation page — a navigational...

To overcome these drawbacks and also to provide banking facilities for Udupi in particular and the district in general, a cosmopolitan group of philanthropists led by Haji Abdulla Saheb made a bold venture to start this institution. What inspired the founding fathers was the fervour of Swadeshism. For promoting the Bank , the Founder President made an appeal saying , " The primary object in forming the ‘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 classes. This is ‘swadeshism', pure and simple and every lover of the country is expected to come forward and co-operate in achieving the end in view." They rightly defined Swadeshism as institution-building to aid economic activity through co-operation of all, shorn of distinction of caste and creed Multiculturalism or cultural pluralism is a policy, ideal, or reality that emphasizes the unique characteristics of different cultures in the world, especially as they relate to one another in immigrant receiving nations. ... Wikipedia does not yet have an article with this exact name. ... An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ...

"The Canara Banking Corporation (Udupi) Ltd.", as the institution was called then, started functioning as a ‘Nidhi' with a humble beginning. The initial capital was Rs.5000/- and at the end of the first day, its resources stood at 38 Rupees - 13 Annas and 2 Pies. The Kanara or Canara (called Kannada in Karnataka) districts comprise three districts of Karnataka - North Kanara (Uttara Kannada) whose administrative headquarters is Karwar, Udupi, and South Kanara (Dakshina Kannada), whose administrative headquarters is Mangalore. ... It has been suggested that History of the rupee be merged into this article or section. ... An Anna (Hindustani ana) was a currency unit formerly used in India, equal to 1/16 rupee. ...

The setting up of the Canara Banking Corporation Ltd. seems to have given a fillip to co-operative Banking and also to regular banking elsewhere in the district. Between 1909 and 1917, six co-operative banks came into being and during the decade immediately after the First World War (1914-18) South Kanara gave birth to as many as eight banks. It is to the credit of this Bank that despite two world wars, economic depression and stiff competition, the Bank not only quite survived, but also made satisfactory progress. Dakshina Kannada, also called South Kannada, South Kanara, or South Canara, is a district of Indias Karnataka state. ...

Having been started at Udupi, the Bank first branched out by opening a branch at Kundapur in 1923. The second branch of the Bank was opened in Mangalore at Car Street in 1926. The Bank stepped into Kodagu District in 1934 by opening its seventh branch in Madikeri. In 1937, the Bank was included in the second schedule of Reserve Bank of India Act, 1934. In 1939, the Bank's name changed from "Canara Banking Corporation (Udupi) Ltd." to "Canara Banking Corporation Ltd." The Bank graduated into a Regional Bank in 1945 when the total number of its branches stood at 28. In the year 1961, it took over ‘Bank of Citizens, Belgaum.' In the same year, the Bank's Administration Office shifted from Udupi to Mangalore. Location of the Kodagu district with respect to the other districts of Karnataka. ... Madikeri ಮಡಿಕೇರಿ is the principal town of the district of Kodagu, in Karnataka state, southern India. ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ... , Belgaum (proposed to be renamed Belagaavi) (Kannada: ಬೆಳಗಾವಿ, Marathi: बेळगांव;  ), also known as Belgaon, is a city and a municipal corporation in Belgaum district in the state of Karnataka, India. ...

The second change in the name of the Bank occurred in 1972, from ‘Canara Banking Corporation Ltd'. to ‘Corporation Bank Limited.' The Bank was nationalised in 1980 along with 5 other private sector banks. After nationalisation, the pace of growth of the Bank accelerated and it made all-round progress. Started as a common man's bank, it changed with the times to meet the aspirations of the people but never swerved from its motto- "Sarve Janah Sukhino Bhavantu" meaning Prosperity for All . It endeavoured and succeeded in striking a right balance between traditional values and innovative approach, personalised service and professional outlook and commercial considerations and public concern. One of the unique achievements of the Bank is that it has been paying dividend continuously for the last 98 years since its inception. Today, with the most modern technology-driven products and services and nationwide branches & ATMs, Corporation Bank stands tall among the Public Sector Banks in the country and is hailed as one among the well-managed Public Sector Banks with excellent track record in all the key parameters of banking. The Bank has the second largest ATM network in the public sector. Nationalization is the act of taking assets into state ownership. ... Cash machine redirects here. ... < [[[[math>Insert formula here</math>The public sector is that part of economic and administrative life that deals with the delivery of goods and services by and for the [[government </math></math></math></math> Direct administration funded through taxation; the delivering organisation generally has no specific requirement to meet commercial...

Corporation Bank had the honour of playing host to many a distinguished personality. During the Bank's Platinum Jubilee Celebrations in 1976, the new Administrative Office Building at Pandeshwar Mangalore was opened by Shri B.D.Jatti, the then Vice-President of India. The bronze statue of Pt. Jawaharlal Nehru installed by the Bank at the Traffic Island in front of its Corporate Office at Pandeshwar Mangalore, was unveiled by Mr. Justice E.S. Venkataramaiah, the then Chief Justice of India. In 1992, His Excellency Shri R. Venkataraman, the then President of India, visited the Bank to inaugurate its 85th anniversary celebrations and 60th anniversary of the Bank's commencement of operation in Tamil Nadu state. In the year 1996, Mr. Justice A.M.Ahmadi, the then Chief Justice of India, visited the Bank to deliver the 90th year commemorative lecture. ‘Corporation Bank House', the new premises of the Bank's Car Street Mangalore branch, was inaugurated by Dr. Manmohan Singh, who was then the Union Finance Minister. Dr. C. Rangarajan, the then Governor of Reserve Bank of India, launched the prestigious deposit product Corp Classic during his visit to the Bank's Corporate Office in 1997. The Bank's new Millennium Building was inaugurated by the then Union Minister of State for Finance Shri Vikhe Patil in the year 2000. In the same year, Shri Yashwant Sinha, who was the Hon'ble Union Finance Minister at that time, launched the Bank's CorpFast product at the Corporate Office. A Platinum Jubilee is to celebrate the 70th anniversary of the reign of a monarch, the founding of a business, etc. ... The Vice-President of India is the second-highest ranking government official in the executive branch of the Government of India after the President. ... Bronze is the most popular metal for cast metal sculptures; a cast-metal sculpture of bronze is often called a bronze. ... Pandit Jawaharlal Nehru (Hindi: , IPA: (November 14, 1889 – May 27, 1964) was a major political leader of the Congress Party, a pivotal figure in the Indian independence movement and the first Prime Minister of independent India. ... This article is about the concept of justice. ... The Chief Justice of India is the highest position obtainable by a judge in India. ... His / Her Excellency is an honorific title given to certain high-ranking political officials. ... Ramaswamy Venkataraman (born 4 December 1910) was the President of India between 1987 and 1992. ... The President of India (Hindi: Rashtrapati) is the head of state and first citizen of India and the Supreme Commander of the Indian armed forces. ... An anniversary (from the Latin anniversarius, from the words for year and to turn, meaning (re)turning yearly; known in English since c. ... Tamil Nadu (தமிழ் நாடு, Land of the Tamils) is a state at the southern tip of India. ... This article is about the concept of justice. ... The Chief Justice of India is the highest position obtainable by a judge in India. ... Manmohan Singh (ਮਨਮੋਹਨ ਸਿੰਘ in Gurmukhi) (born September 26, 1932 in Gah, West Punjab -- now in Pakistan -- is the fourteenth prime minister of India. ... The finance minister is a cabinet position in a government. ... Dr. Chakravarthi Rangarajan (born 1932) is an Indian economist. ... For other uses, see Governor (disambiguation). ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ... Yashwant Sinha Yashwant Sinha (born November 6, 1937) is an Indian politician belonging to the BJP and a former finance minister and foreign minister in Atal Bihari Vajpayees cabinet. ... The finance minister is a cabinet position in a government. ...

First Public Sector Bank(other than SBI Ascociates) to achieve 100% CBS developed and implemented by Laser Soft Infosystems Limited,Chennai.^[2]

Completes a 100yrs of banking

Corporation Bank completed 100 years of existence on 12 March 2006. The Centenary celebrations were launched by Shri V. Leeladhar, Deputy Governor, Reserve Bank of India with the Bank's Foundation Day lecture on 12 March 2005. is the 71st day of the year (72nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A centenary is an event to celebrate the 100th anniversary of an event. ... For other uses, see Governor (disambiguation). ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ... is the 71st day of the year (72nd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

As a part of the Bank's centenary celebrations, a number of programmes and projects were planned and executed. As a first step, the Bank has launched the Corp Kissan Card - debit card tied up with VISA international,, to enable the farmers make timely purchases for agricultural operations.at Yeshwantpur-Malur in Kolar District on 13 March 2005. A modern public library was dedicated to the citizens of Mangalore in DK District, the birth place of the Bank by Shri P. Chidambaram, Hon'ble Union Finance Minister on 2 March 2006. The library building also houses a Numismatic Museum and a multi purpose hall for intellectual activities. The Bank has also set up libraries in 25 villages and given away scholarship to 100 meritorious students of such villages for the pursuit of their higher education. Such libraries will be set up in 75 more villages in a phased manner. Corporation Bank - A Corporate Journey , the history of the Bank and Haji Abdullah Saheb a biography of the Bank's Founder President have been published on the occasion of the valedictory function of the Bank's Centenary Celebrations.^[3] Look up debit card in Wiktionary, the free dictionary. ... Visa or VISA has several meanings: Look up visa in Wiktionary, the free dictionary Visa (document) — a document required to enter a specific country. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... is the 72nd day of the year (73rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... , Mangalore (IPA:ˈmaÅ‹-gÉ™-ËŒlȯr; Kannada: ಮಂಗಳೂರು, MangalÅ«ru; Tulu: Kudla, ಕುಡ್ಲ; Konkani: Kodial, ಕೊಡಿಯಾಲ್; Beary: Maikala, ಮೈಕಲ)   is the chief port city of the Indian state of Karnataka. ... Palaniappan Chidambaram (Tamil: ) is an Indian politician. ... The finance minister is a cabinet position in a government. ... is the 61st day of the year (62nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Literati redirects here. ... A village is a human settlement commonly found in rural areas. ... An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ...

Ratings

CRISIL has re-affirmed the following programmes of Corporation Bank: CRISIL is Indias leading Ratings, Research, Risk and Policy Advisory Company. ...

• Rs.2 billion Bond issue AAA
• Certificate of Deposits Programme P1+
• Fixed Deposit Programme FAAA^[4]

In investment, the credit rating assesses the credit worthiness of a corporation. ...

Awards won

• National Award for Assistance to Exporters from the President of India (1976-77)
• Gem & Jewellery Export Promotion Council Award successively for 5 years from 1981 to 1985
• Shiromani Award 1992 for Banking from Union Minister for Commerce
• Best Bank Award for Excellence in Banking Technology from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2001)
• Best Bank Award for Innovative Usage and Application on INFINET (Indian Financial Network) from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2002)
• Best Bank Award for Delivery Channels from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2003)
• Runner-up Awards in the “Best Online and Multi-channel Banking Team” and “Outstanding achiever of the year-corporate” categories in recognition of outstanding achievement in Banking Technology for 2004, instituted under the aegis of Indian Banks Association and Trade Fairs & Conferences International.^[5]

The President of India (Hindi: Rashtrapati) is the head of state and first citizen of India and the Supreme Commander of the Indian armed forces. ... A minister or a secretary is a politician who holds significant public office in a national or regional government. ... This article does not cite any references or sources. ... Hyderabad   or Haydarābād // ( Urdu:حیدر آباد), (Telugu:హైదరాబాదు) is the capital city of the Indian state of Andhra Pradesh. ... Hyderabad   or Haydarābād // ( Urdu:حیدر آباد), (Telugu:హైదరాబాదు) is the capital city of the Indian state of Andhra Pradesh. ... Hyderabad   or Haydarābād // ( Urdu:حیدر آباد), (Telugu:హైదరాబాదు) is the capital city of the Indian state of Andhra Pradesh. ...

Major recognitions

• One of the Best 200 companies worldover outside the US having a turnover under a billion US$ - Forbes Global, Hong Kong, issue dated 27 October 2003
• India’s Best Public Sector Bank - Business Today - KPMG Survey dated 7 December, 2003
• India’s Strongest and Asia’s Second Strongest - The Asian Banker, Singapore dated 15 December 2003
• India’s Best Public Sector Bank - Outlook Money , 15 March 2004
• One among the Best 200/100 companies in Asia/Pacific and Europe having turnover under a billion US $ - Forbes Global, Hong Kong dated 1 November 2004
• One among India’s Best Public Sector Banks - Business Today, 26 February 2006^[6]

United States may refer to: Places: United States of America SS United States, the fastest ocean liner ever built. ... For other uses, see Forbes (disambiguation). ... is the 300th day of the year (301st in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... < [[[[math>Insert formula here</math>The public sector is that part of economic and administrative life that deals with the delivery of goods and services by and for the [[government </math></math></math></math> Direct administration funded through taxation; the delivering organisation generally has no specific requirement to meet commercial... Founded in 1992, Business Today is an Indian magazine that focuses on economic trends. ... KPMG is one of the largest professional services firms in the world. ... is the 349th day of the year (350th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 1 July 2002 Cover Page Outlook is an Indian weekly English newsmagazine in publication since October 1995. ... is the 74th day of the year (75th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... For other meanings of Pacific, see Pacific (disambiguation). ... is the 305th day of the year (306th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Founded in 1992, Business Today is an Indian magazine that focuses on economic trends. ... is the 57th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

External links

• Corporation Bank website
• Corporation Bank opens 950th branch at Hyderabad

References

1. ^ Cite error: Invalid <ref> tag; no text was provided for refs named http:.2F.2Fwww.thehindubusinessline.com.2F2006.2F04.2F27.2Fstories.2F2006042703600100.htm
2. ^ History. Retrieved on 2006-08-14.
3. ^ 100yrs. Retrieved on 2006-08-14.
4. ^ Ratings. Retrieved on 2006-08-14.
5. ^ Awards Won. Retrieved on 2006-08-14.
6. ^ Major Recognitions. Retrieved on 2006-08-14.