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 Mangalore:
The chairman and managing director of Corporation
Bank, Cherian Varghese, inaugurated the 750th branch of
the bank at Phoenix Mills compound, Lower Parel, in Mumbai
on Saturday.
Ashok
Kumar Ruia, managing director of Phoenix Mills Ltd., inaugurated
the bank's ATM.
With
this launch, the bank has achieved a unique combination
of 750 branches and 750 ATMs, the only public sector bank
to have equal number of branches and ATMs. In M umbai
alone the bank has 149 service outlets comprising 59 computerised
branches, six extension counters and 83 networked ATMs.
At
present, 236 branches of the bank are "live"
on 'core banking solution'.
The
bank, which opened 28 branches during the current financial
 year,
plans to open another 32 branches and take the number
of ATMs progressively to 1,010 by the end of financial
year 2004-05.
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