Corporation Bank was a public sector bank headquartered in Mangalore, Karnataka — nationalised in 1980. Like Andhra Bank, it was merged into Union Bank of India in April 2020 as part of the Government’s PSU bank consolidation. Corporation Bank no longer exists as an independent entity; its branches now operate under Union Bank of India.
Corporation Bank — Key Facts
| Founded | 1906 — Udupi, Karnataka |
| Nationalised | 1980 |
| Status | Merged into Union Bank of India — April 1, 2020 |
| Surviving Entity | Union Bank of India (BSE: 532477 | NSE: UNIONBANK) |
Who Owned Corporation Bank?
Corporation Bank was owned by the Government of India — nationalised in 1980. In 2020, it merged along with Andhra Bank into Union Bank of India. Union Bank of India (HQ: Mumbai) is the surviving government-owned entity. Corporation Bank’s branches, accounts, and services now operate under Union Bank of India.
