Public sector lender, Dena Bank is in need of capital infusion. The bank has approached the Government for the same and has placed a requirement of capital worth Rs. 1, 300 crore, a top official said.

"We have approached the government for Rs 1,300 crore," Executive Director Dena Bank Ashok Dutta said.

The bank had been in the top list of banks who are to receive a facelift from the Government.

The first set of capital amounting to around Rs. 500 to 600 crore could arrive any moment, Dutta said. This amount of capital infused would be taking care of the capital requirements of the bank for the next two years.

The bank had expected to generate business of Rs. 87, 000 crore during the year 2009-10.

Dutta further added that the net interest margin of the bank would be under pressure this year due to base rate coming into effect this July.