In two tranches in FY 2009 and FY 2010
The Union Cabinet today, 11 February 2009, approved a proposal to infuse Rs 3800 crore in three state-run banks. UCO Bank will get Rs 450 crore in fund infusion in the year ending March 2009 (FY 2009) and additional Rs 750 crore in the year ending March 2010 (FY 2010. Central Bank of India will get Rs 700 crore each this fiscal and the next.
Vijaya Bank will get Rs 500 crore in FY 2009 and Rs 700 crore in FY 2010.
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