Union
Bank of India (UBI) has applied for and is expecting about Rs
9ore50-1000 cr as capital infusion during the current fiscal which is
part of recapitalization plan of the government. With this infusion, the
TIER I capital of the bank will go up, which was 8.17% as on September
2012. The capital infusion will help the bank to enhance lending to
productive sectors. UBI has got capital support of Rs 280 crore in the
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