Meenkakshi Sundaram takes charge as Corporation Bank DGM

Meenkakshi Sundaram takes charge as Corporation Bank DGM
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Meenakshi Sundaram assumed charge as deputy general manager of Corporation Bank here on Thursday. Speaking on the occasion, he said that deposits of bank increased to Rs 2.20 lakh crore from 2.05 crore (2016) registering a growth of 7.50 per cent.

Vijayawada: Meenakshi Sundaram assumed charge as deputy general manager of Corporation Bank here on Thursday. Speaking on the occasion, he said that deposits of bank increased to Rs 2.20 lakh crore from 2.05 crore (2016) registering a growth of 7.50 per cent.

Credits of the bank stood at Rs 1.40 lakh crore as of March 31. Gross NPA ratio is at 11.70 per cent and net NPA ratio stood at 8.33 per cent as on March 31. In all, 62,270 bank accounts have been linked with MUDRA cards for easy access to working capital limits by MUDRA loan borrowers. Bank bagged three runner up awards under Social Banking Excellence Awards instituted by ASSOCHAM. The bank has been awarded National MSME Excellence Award.

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