South based lender, Corporation Bank has aimed to achieve Rs 5 lakh crore by the year 2014, said a top official of the bank.

"During the current fiscal it targets to achieve Rs 2 lakh crore business and by 2014 we want to touch Rs 5 lakh crore," bank Chairman and Managing Director Ramnath Pradeep said.

He added that the bank is experiencing a growth of 25% and is planning for a major expansion.

The bank had crossed the Rs 1.50 lakh crore mark during the last fiscal, registering a growth of 27.30 per cent.