Maheshtala is an emerging city situated in the Indian State of West Bengal. It is a major municipality in South West Kolkata. The area falls under the Kolkata Metropolitan Development Authority or KMDA in the South 24 Parganas district of the state. There are around half a million residents of Maheshtala who are employed in various service sectors of the KMDA area. Maheshtala is well connected to various parts of the state via the Kolkata Suburban Railway. A London-based company along with a Bengali NRI has embarked upon a joint venture with the Maheshtala Municipality on a grand project to develop a mini township called the Maheshtala project. Once completed, the 44 buildings of the projects will house 2240 middle-income group flats. The company plans on improving the road infrastructure in the area to ensure a quick development.
Corporation Bank was started about 111 years ago in 1906, with an initial capital amount of just Rs.5000/-. The bank has recorded Rs. 3,03,185 Crore mark in business, with more than 9900 service outlets across the nation, served by committed and dedicated over 19,000 Corp Bankers. The evidence of its growth can be seen in its financial performance and enviable track record. The prominent reason for bank celebration is empowering the rural and urban population together by being able to participate in nation building. Today, the Corporation Bank is the significant contributor to the growth of the countrys economy. After getting nationalized in 1980, the Corporation Bank evolved and adapted to the financial sector reforms. It became the Second Public Sector Bank in the country to enter capital market, the IPO of which was oversubscribed by more than thirteen times. The Bank took many initiatives in credit services such as Cash Management Services, m-Commerce, " Online " approvals for Educational loans, 100% CBS Compliance and more recently, the bank made an effort in taking the technology to remotest villages through low-cost branchless banking or Business Correspondent model.