Corporation Bank came into existence as Canara Banking Corporation (Udipi) Limited. Bank established on 12th March, 1906.

Bank started functioning with a capital of Rs.5000/- and at the end of the first day of the bank resources stood at 38 Rupees-13 Annas-2 Pies.

Founder President of the bank was Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur.

At present (as on 8th January 2016) there are 8,000 functional units .

Functional units comprising :
3200 branches,
3200+ ATMs
4,000 branchless banking units

Board of Directors:
Shri S. R. Bansal
Chairman & Managing Director

Shri Manish Gupta
Govt. Nominee Director

Shri Pradyumna K Jena
RBI Nominee Director

Shri Ekanath Baliga
Officer Employee Director

Shri Adish Kumar Jain
Chartered Accountant category Director

Shri Bonam Venkata Bhaskar
Non-Official Director

Shri Sushobhan Sarker
Shareholder Director

Ms. Chitra Gouri Lal
Shareholder Director

Shri Ramesh Kumar Bhat
Shareholder Director