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RETAIL BANKING | Cesar Tordesillas, India

Corporation Bank targets senior citizens in expansion efforts

Corporation Bank is in the process of according special and exclusive services for senior citizens.


"Though it is in the conceptual stage as of now, we are confident the bank will roll out certain special services for senior citizens shortly," Narendra Singh, Executive Director of the Bank told PTI.

He said the Bank registered Rs 2.03 Lakh crore business in 2010 and is targeting Rs.2.65 lakh crore business this year, with a growth target of 25 per cent in credit and 33 per cent in deposit portfolio.

Currently the bank has 1362 branches and plans to add 200 branches every year over the next few years. The bank also has 1200 ATMs and proposes to add 2000ATMs within this fiscal.

Corporation bank has a customer base of 1.25crore and aims to increase it to 1.5 crore. CAR is comfortable at 14.5 per cent and Gross NPA is less than 0.5 per cent.

Singh said that for stringent monitoring and control, the bank has created 12 new Zonal offices in addition to 19 at present. The Bank's 31st Zonal Office was formally inaugurated here yesterday.

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