Corporation Bank wins IDBRT award

Our Banking Bureau
04 April 2002

Mangalore: Corporation Bank has won the Best Bank award for excellence in banking technology from IDBRT, Hyderabad, for the year 2000-2001.

As part of its information technology initiatives, the bank has just put in place a web of 101 inter-connected Corp Bank ATMs from Amritsar to Thiruvananthapuram. According to a press release issued here, the bank has launched CorpSmart (a combi-card combining an electronic purse and ATM card) and inaugurated CorpNet (an Internet-banking facility for individual customers).

Apart from enabling customers of Corporation Bank to transact business through the inter-connected ATM network in any part of the country, the facility also allows customers of other banks that are connected to the SPNS network to withdraw cash from Corporation Bank ATMs.

Among the other tech-savvy initiatives are CorpFast and CorpClassic. CorpDial is a telebanking facility, while CorpReach provides access to accounts from a computer terminal.