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Our Bureau

Mangalore , Feb. 3

CORPORATION Bank has launched variants of current accounts with add-on facilities targeted at various business segments.

Quoting the Chairman and Managing Director of Corporation Bank, Mr V.K. Chopra, a bank release said here on Thursday that the bank had segmented its current account offerings into four variants — Corp Business Account, Corp Business Premium Account, Corp Business Club Account and Corp Business Privilege Account.

According to Mr Chopra, there is a need for developing customised products to meet the requirements of each distinct business segment. Based on the quarterly average balance (QAB) maintained by current account holders, the variants will cater to business segments such as individuals, proprietorship and partnership firms, private sector companies, public sector undertakings and multinational companies.

Each of these variants will offer various in-built free services and other services at concessional rates.

The facility will be available in all networked core-banking branches. At present, 358 branches of the bank in 132 centres are under core banking.

Mr Chopra said that today's business requires well-defined banking solutions to meet the expectations of customers. One generic solution cannot address the requirements of all the market segments, he added.

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