Company Information

Get to know Corporation Bank

Founded in 1906 in Udupi, Karnataka, Corporation Bank had a long history of serving the Indian public. It was nationalized by the Government of India in 1980 and grew to become a prominent public sector bank with a nationwide network of branches and ATMs. The bank offered a comprehensive suite of products including savings accounts, loans, credit cards, investments, and corporate banking solutions. On April 1, 2020, as part of a government-led consolidation of public sector banks, Corporation Bank, along with Andhra Bank, was amalgamated into Union Bank of India. All its branches and operations now function under the Union Bank of India brand.

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Corporation Bank

India

Founded in

1906 (120 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.