Public sector Corporation Bank has sought about Rs 300 crore from the Central Government to augment its future credit growth, and hopes to get the funding by the fiscal-end. The bank's capital adequacy ratio is over 14 per cent, with a tier-I capital of above 8 per cent.
As part of its efforts to achieve a total business of Rs 5 lakh crore by 2015, the bank has undertaken a re-jig of its organizational structure. The bank also plans to open 200 branches every year. This fiscal, 50-60 branches have already been added to the network.
