Corp Bank business rises 22%

Corporation Bank informed the Bombay Stock Exchange on Tuesday that its total business had crossed Rs 83,000 crore in the ongoing financial year, growing at 22 per cent on year.

The bank's total deposit grew 24% to over 490 bln rupees and total credit grew 20 per cent to over Rs 34,000 crore.

The bank plans to open 100 domestic branches in calendar 2008, said. "In 2008 we are looking at another 100 (branches). I have already licenses (from Reserve Bank of India) for these 100," Chairman and Managing Director B Sambamurthy said on Wednesday. In calendar 2007, the bank has opened 71 new branches taking the total number to 949.