Corporation Bank incorporated in the year 1906 with a seed capital of Rs.5000. The Bank has Representative Offices at Dubai and at Hong Kong. Presently, the Bank has a network of 1361 fully automated CBS branches, 1250 ATMs and 2500 Branchless Banking Units across the country.

The Founder President Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur, committed to fulfill the long felt banking needs of the people and also to inculcate the habit of savings, provided the much-needed impetus to founding a financial institution that would bring about prosperity to the society.

The initial growth was consciously cautious and need based. The first branch of the Bank was opened at Kundapur in 1923, followed by the second in Mangalore in 1926. The Bank stepped into the then Coorg State in 1934 by opening its seventh branch at 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 (Udipi) Ltd., to “Canara Banking Corporation Ltd.,” and strongly put forth its vision with the motto-“ Sarve Janah Sukhino Bhavantu” which means“Prosperity to All ”

The second change in the name of the Bank occurred in 1972, from ‘Canara Banking Corporation Ltd.’ to ‘Corporation Bank Limited.’ and finally ‘Corporation Bank’ following its nationalization on 15th April, 1980.

The Bank took on the priorities of nationalization in full stride and emerged successful in fulfilling the national objectives, while sustaining its performance oriented culture and profit augmenting record. Amidst all this, the Bank crossed Rs.1000 crore-deposit mark in the year 1985 and launched into the 1990s with focus on high quality growth by embracing newer technology.

The end of first phase of Banking sector reforms in India had seen the Bank emerging as the most innovative and dynamic bank in the public sector, outshining other banks in terms of asset quality, capital adequacy, operational efficiency, well diversified income base, profitability, productivity, and strong balance sheet.

As on 31st March 2016, the Total Business of the Bank was Rs.3,45,493 crore. The Total Deposit stood at Rs.2,05,171 crore and the Total Advances were at Rs.1,40,322 crore. The Networth rose to Rs.11,344 crore.

Presently, the Bank has a network of 2440 fully automated CBS branches, 3040 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.