Corporation Bank is focussing on innovation

Corporation Bank is focussing on innovation

Corporation Bank is laying emphasis on innovations and excellence in its pursuit to emerge as a model for inclusive growth and innovative banking services, bank Managing Director and CEO Jai Kumar Garg has said. He was addressing the 20th annual general meeting of the bank here. He said that Indian Economy is on transformation path going from cash-driven economy to a cashless economy.

All these, along with opening bank accounts for every household under Jan Dhan Yojana, distributing subsidies and other benefits through these accounts should give a push to inclusive growth and bring in innovative banking solutions, Mr. Garg said.

The bank has also taken steps to innovate and invest in technology to improve security and ease of transaction. The bank has rolled out its latest, most modern version of Core Banking Solutions with Finacle Software and the migration is going on at a brisk pace.

Executive Director of the bank Gopal Murli Bhagat and other senior officials were present.

Source:The Hindu