Government will infuse Rs. 6,990 crore in nine public sector banks including SBI, Bank of Baroda (BoB) and Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms. This is the first tranche of capital infusion for which the government had allocated Rs. 11,200 crore in the budget for 2014-15.Among the beneficiaries, SBI leads the pack with a capitalization of Rs. 2,970 crore, followed by BoB Rs. 1,260, PNB Rs. 870 crore and Canara Bank Rs. 570 crore. The finance ministry in a press release said, the capital infusion has been decided based on the performance of the bank.