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Corp Bank needs Rs 60 bn of capital in 3 years
State-run Corporation Bank requires Rs 60 billion of capital in the n ext three years to meet credit growth, chairman and managing director JM Garg said on Friday.
State-run Corporation Bank requires Rs 60 billion of capital in the next three years to meet credit growth, chairman and managing director JM Garg said on Friday.
The bank plans to raise about Rs 10 billion via combination of Tier-I and Tier-II capital in the first quarter of FY11, he said. The bank is targetting loan growth of 25% in the next fiscal.
