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India to inject $2.27 bln in state-run banks in 2013/14

NEW DELHI (Reuters) - The Indian government will inject a budgeted 140 billion rupees by end-March 2014 in 20 state-run banks, the finance ministry said in a statement on Wednesday, to keep them well capitalised.

Of this, State Bank of India will get 20 billion rupees, while IDBI (NSI:IDBI.NS - News) and Central Bank of India (NSI:CENTRALBK.NS - News) will get 18 billion rupees each.

The government will inject 10 billion rupees in the fiscal year that ends in March in Bank of India (NSI:BANKINDIA.NS - News), the statement added.

(Reporting by Rajesh Kumar Singh)