Corporation Bank, a Mangalore-based public sector lender, has launched 'Corp SME Suvidha', a product for GST-registered MSMEs.

A press release said that the product has been designed as part of the bank's efforts to provide best products to MSME sector.

PV Bharathi, Managing Director and Chief Executive Officer of the bank, launched the product in Mangaluru recently.

Gopal Murli Bhagat, Executive Director , and general managers were present on the occasion, the release added.

Shares of the company gained Rs 00.5, or 0.20%, to settle at Rs 24.85. The total volume of shares traded was 3,146 at the BSE (Monday).