Corporation Bank and Bank of Baroda said they are expecting significant amount of fund from the government's Rs 6,000-crore budgeted capital infusion plan for weak public sector banks for next fiscal, to shore up their Tier I capital.
"We will be getting Rs 309 crore this month from the government and some more in the next fiscal to improve our Tier I capital which now stands at eight per cent. Post-central infusion, our equity capital will go up to 8.5-9 per cent which would be a comfortable level," Corporation Bank chairman and managing director Ramanth Pradeep told reporters.
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