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The govt has approved a capital infusion of Rs 220 crore in Vijaya Bank in lieu of preferential allotment of shares.
Vijaya Bank has said in a BSE filing that the “Government has decided to infuse capital funds to the tune of Rs 220 crore in Vijaya Bank by way of preferential allotment of equity in favour of Government of India as part of capital infusion for financial year 2015-16.”
It is a part of government’s plan to infuse Rs 5,050 crore in public sector banks.
