Public sector lender, Dena Bank has expectations of receiving capital infusion worth Rs 600 crore from the government this fiscal, said a top official of the bank, The official also said that the reason for Dena Bank seeking capital from the Centre is to give better ignition to its business growth.

"We need a total of Rs 1,300 crore over the next three years. We expect to receive Rs 600 crore from the government in this fiscal to fuel our business growth," Dena Bank Chairman and Managing Director D L Rawal said.

He clarified that it is likely that the remaining Rs 700 crore would be supplied by the government in two installments of Rs 400 crore and Rs 300 crore respectively.

The bank is confident of attaining its target of 22% growth in credit in the current fiscal, which is higher than the target set by RBI.

"We will be able to achieve 22 per cent credit growth and 20 per cent deposit growth in the current fiscal," Rawal said.

"We have posted a good profit in the June quarter and hope to perform well in the remaining quarters of the current fiscal," he said.