Corporation Bank has set itself a target of reaching a turnover of Rs. 5 lakh crore by 2014-15, its Chairman and Managing Director Ramnath Pradeep said here on Tuesday.

He was speaking during a programme organised by the Corporation Bank to felicitate former officers of the bank, M.D. Mallya, Chairman and Managing Director of Bank of Baroda and M. Narendra, Chairman and Managing Director of Indian Overseas Bank.

Mr. Pradeep said the bank would need a growth rate of 30 to 35 per cent to meet a target of Rs. 5 lakh crore business.

Mr. Mallya and Mr. Narendra were with the Corporation Bank for 30 years.

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