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IOB ties up with Kotak Mutual

CHENNAI: Indian Overseas Bank has tied up with Kotak Mutual Fund for distribution of the latter's products. With this, IOB has tied up with six mutual funds. The Chairman and Managing Director of the bank, T. S. Narayanasami, said, "We have not made much headway so far in marketing the mutual fund products." He cited the bank's inability to train people within a short period as the reason for this situation.

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