Central Bank needs Rs 2,500 cr capital infusion in FY13

State-run lender Central Bank of India will need to augment its capital by Rs 2,500 crore this fiscal, a top bank official said here today.

"My requirement will be around Rs 2500 crore, of which something will come from government but I am yet to decide how much of it will come from government and how much from the market," bank chairman and managing director M V Tanksale told reporters here on the sidelines of an event.

The infusion will come in the third quarter (October-December period) of this fiscal, he said. "I need to have capital infusion this financial year.

I'm still working on it," he said, adding one of the routes which the bank may explore to raise the market component will be a qualified institutional placement of shares.

Tanksale said the bank is targeting  to get the high cost bulk deposits down to 25% from 31% now, before the end of the fiscal, following a Finance Ministry diktat to state-controlled banks.

The bank was witnessing a deposit growth of 12 to 14% during the ongoing fiscal, he informed.