The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Corporation Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'CORP', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Corporation Bank branch. If you are looking for online IFSC Code of Corporation Bank you can find here in Goodreturns.
Like most its other banking peers, Corporation Bank also begun operations in the early part of the 1900s. The bank has now been providing banking services for the last 110 years, after having started operations way back in 1906.
Corporation Bank is among the top banks in the country, which started operations with a mere Rs 5000.
Today, the bank has crossed Rs 3,40,199 crore mark in business, with over 10,352 outlets across the nation.
Early IPO of Corporation bank
Corporation Bank was nationalized in 1980 and had its IPO in 1997. In fact, it was only the second government sector bank to launch an Initial Public Offering.
The Bank's IPO in those days was subscribed more than 13 times.
World class banking services
Corporation Bank has been linked to some world class banking services. Among these include its gold banking platform, cash management services, 100 per cent core banking solutions. The bank has now begun making efforts to take technology to the rural masses in remotest villages through low-cost branchless banking.
In retail, the bank offers a host of services including retail banking, wholesale banking and corporate banking.
With its wide branch network the host of offerings include loans, deposits and credit cards.