Meeting of board of directors of the bank is scheduled to be held on September 13, 2019.

Bank of Baroda will get Rs 7,000 crore, Indian Overseas Bank Rs 3,800 crore and Central Bank of India Rs 3,300 crore.

The move will also lead to cheaper working capital loans for industry.

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing assets.

The capital infusion will help some banks to come out of the central bank's prompt corrective action.

The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.