Here's how govt plans to infuse Rs 14000cr into PSU banks

Shares of public sector banks surged after Finance Minister P Chidambaram on Tuesday announced capital infusion to the tune of Rs 14,000 crore in them to augment their capital base and promised another tranche in the fourth quarter of the current fiscal. The capital infusion will ensure that banks have 8 percent Tier-1 capital by the end of FY14.

CNBC-TV18 has learnt from finance ministry sources that the country's largest lender in the public sector banking space will be infused with Rs 2000 crore in this financial year. Following is the list of PSU banks and the amount of capital infusion each will receive in FY14 SBI--Rs 2,000 crore
IDBI Bank --Rs 1,800 crore
Central Bank -- Rs 1,800 crore 
Indian Overseas Bank --Rs 1,200 crore
Bank Of India -- Rs 1,000 crore
Bank of Maharashtra --Rs 800 crore
Bank of Baroda --Rs 550 crore
PNB -- Rs500 crore
Union Bank --Rs 500 crore
SBI is also likely to raise Rs 5000 crore via QIP. IDBI will also consider QIPs this fiscal. Speaking to press on Tuesday, Financial Services Secretary Rajiv Takru had said banks will be allowed to raise capital from markets in the proportionate amount infused by the government to maintain the government’s shareholding.