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IOB seeks Rs 6,000 cr capital from Union govt

20190709

Chennai, The Indian Overseas Bank (IOB), which  has sought Rs 6,000 crore as capital from the Central government, is looking at increasing its current and savings account deposits. Talking to reporters here on Tuesday, IOB MD and CEO Karnam Sekar said the bank would focus on One Time Settlement of non-performing  loan (NPL) accounts; auctioning seized mortgaged properties, increasing  net interest income and net interest margin and tackling education loan

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