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Corporation Bk expects profit to grow 25 pct in FY10

Started by sajiv, Aug 18, 2009, 10:36 PM

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Corporation Bk expects profit to grow 25 pct in FY10

State-run Corporation Bank expects profit to grow 25 percent and credit offtake to rise 22 percent in 2009/10, its top official said on Tuesday.

The bank, however, sees cut in lending rates to be difficult now, J.M. Garg, chairman and managing director, told reporters.

"Until the third quarter you won't find any upturn in interest rates," he added.

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