....The cuts will infuse an additional Rs 18,000 crore into the banking system. Of this, Tamil Nadu's share is expected to be slightly over Rs 1,000 crore. City-headquartered Indian Overseas Bank (IOB) is expected to get Rs 475 crore. "This infusion will help us generate an income of Rs 48 crore over one year," M Narendra, chairman and managing director, IOB, said......
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