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Shashi Ashiwal

Product launch: Mr. T.S. Vijayan, Chairman, LIC, and Mr B. Sambamurthy, Chairman & Managing Director, Corporation Bank, at the launch of ‘Financial Health Check-up Service" in Mumbai on Thursday. —

Our Bureau

Mumbai, Dec. 13 Corporation Bank will now offer a ‘financial health check-up’ for its customers. The bank is offering this service at two of its centres, Mumbai and Bangalore. Customers can get their finance portfolio examined, find out if it is a healthy mix and get advice on making investments.

The bank plans to introduce this service at all its other important centres.

The service in Mumbai was launched by Mr T.S.Vijayan, Chairman, Life Insurance Corporation of India.

To supplement this service, the bank has also set up an ‘Investment Shoppe’, which is a one-stop shop that will offer loans, mutual funds (13 tie-ups), retail gold, demat services as well as offline and online trading. It will also offer non-life insurance products from New India Assurance, life products from Life Insurance Corporation.

The bank can also collect direct tax, excise duty and custom duty with online remittance facility at this outlet.

“As a customer grows in age, financial requirements undergo a radical change. Our purpose is to convert income into wealth for the customer,” said Mr B. Sambamurthy, Chairman and Managing Director, Corporation Bank.

The bank is also running a pilot for ‘mobile banking’ at 2,000 merchandise institutions.

“Mobiles are more secure than credit cards.

The customer can transfer money from his account to his mobile and also use it instead of a credit card to pay his bills at a retail outlet,” said Mr Sambamurthy.

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Corporation Bank offering ‘financial health check-up’

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