"We may raise about $30-40 million anytime this year depending on our business requirement," a top Bank official told PTI.
The bank is tapping the foreign markets to finance exports and meet other business requirements as the cost of funds abroad is less compared to domestic markets.
"We expect 27-28 per cent growth in our credit portfolio in the current fiscal," he said. In mid-May, Corporation Bank had raised $100 million denominated in Japanese Yen, through a one year syndicated loan facility.
This was the second transaction by the Mangalore-based bank in the international loan syndication market within a span of six months.
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