The Finance Ministry has already initiated the process of assessment with meeting heads of three banks -- UCO BankBSE -0.18 pct, United Bank of India and Allahabad BankBSE -0.76 pct -- on June 12.

The capital assessment meeting of the first batch was attended by Minister of State for Finance Jayant Sinha and Financial Services Secretary Hasmukh Adhia from the Finance Ministry side.

The capital infusion requirement would be discussed with Punjab National Bank, Punjab & Sindh Bank and Oriental BankBSE 0.40 pct of Commerce on June 18 here.

It would be followed by the meeting in Mumbai on June 24, 25 where State Bank of India, Union Bank of India, IDBI BankBSE 0.33 pct, Central Bank of India, Bank of India, Bank of Baroda, Dena BankBSE -0.23 prct and Bank of MaharashtraBSE -0.70 pct would make their presentations.

Presentation by Andhra Bank, Indian Overseas Bank, Corporation Bank, Canara BankBSE -0.07 pct, Syndicate Bank and Vijaya BankBSE -0.60 pct would be made on July 3 in Bengaluru.

During the quarterly review of Public Sector Banks' performance held on March 11, it was discussed that the banks should find out their own resources for raising capital and also work out their own plan for raising capital from market.

Capital requirement may be for the existing business growth and some for meeting the new credit requirement.

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