Public sector lender Indian Overseas Bank is looking forward to receiving capital infusion from the government by coming February. The infusion is expected to be worth upto Rs 1400 crore, said CMD of the bank, Mr M Narendra.

"We have made a request to the Government for capital infusion of up to Rs 1,400 crore," said Mr Narendra.

In the last fiscal, capital infusion worth Rs 1053 crore had been pumped into the bank by the government.

Speaking about the bank's stand regarding deregulation of savings bank rates, Mr Narendra said that the bank is presently monitoring the situation and then consider working on revision of savings bank account rates.

Also, the lender aims to bring about 300 new branches in the country in this year.