Corporation Bank to raise 10 bln rupees in FY10

Corporation Bank is planning to raise 10 billion rupees in FY10 via bonds, its chairman and managing director said on Tuesday.
"We have recently raised 10 billion rupees through tier 2 capital and we are planning to raise another 10 billion rupees through tier 1 perpetual bonds and tier 2 capital in FY10," J.M. Garg told reporters in an industry conclave.