Nirmal Bansal

Financial Information Network & Operations Ltd. (FINO) was founded on 13th July, 2006 with the single objective of building technologies to enable financial institutions (FIs) to serve the under-served and the unbanked sector and also to service the technology requirements of entities engaged in servicing the bottom of pyramid customers. One of the biggest challenges in the micro banking industry is the huge amount of paperwork and human effort traditionally involved in supporting micro-transactions and credit scoring potential customers. Other hurdles include Information gap, accessibility and reach, infrastructure, illiterate populace & fool proof identity. High costs coupled with low returns did not make microfinance viable beyond a certain threshold, thus hampering growth. The company was germinated to overcome all the above mentioned hurdles and make financial services available to the unbanked. It is committed to providing a standardized and shared pan India infrastructure to Banks, Microfinance Institutions, Insurance companies and Government entities that will link clients and financial service providers across the financial spectrum, reducing costs of client acquisition and servicing across the value chain while ensuring that the basic premise of door step delivery to rural customers remains intact.

Corporation Bank engages in the provision of banking services. It distributes mutual fund products, and deals with certificate of deposits, treasury bills, and dated government securities. It operates through the following segments: Treasury Operations, Wholesale Banking, Retail Banking, and Other Banking Operations. The company was founded by Khan Bahadur Abdullah Kasim Saheb Bahadur on March 12, 1906 and is headquartered in Mangalore, India.