Current Affairs - Miscellaneous - Discussion

Corporation Bank has launched a new product named 'Corp SME Suvidha' for GST- registered Micro, Small and Medium Enterprises (MSME). It was launched by PV Bharathi, Managing Director and Chief Executive Officer of Corporation Bank in Mangaluru in the presence of Gopal Murli Bhagat, Executive Director and general managers.The newly designed product is a part of bank's efforts to provide best products to MSME sector.During the Financial Year 2018-19, the bank had settled altogether 987 claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).Under PMJJBY, 776 claims for the last fiscal along with 45 claims of April 2019 were settled. Under PMSBY, 211 claims for the last fiscal along with 10 claims of April 2019 were settled.