Tuesday, February 26, 2008

MoU signed between Corporation Bank and MRPL for set up of ATMs at fuel outlets

An MoU was signed between Mangalore- based Corporation Bank and Mangalore Refinery and Petrochemicals Limited (MRPL), an ONGC company, to provide a bunch of financial services to MRPL customers across their fuel outlets.

According to an agreement, Mangalore-based Corporation Bank can now set up ATMs at MRPL retail outlets across Karnataka and other southern states and provide banking facilities to customers on the move.

According to a bank press release opening of ATMs at MRPL retail outlets will enable the bank to offer its services to a large number of customers without having to bring them into the bank premises.

Previously, the Centre had given signal to MRPL’s plan to set up 500 retail outlets across the country. After the launch of high quality fuel (HiQ) outlet in Maddur on the Bangalore-Mysore Highway, HiQ outlets in Hubli and Mangalore will be built in the current financial year.

Sanjay Grover, general manager (Retail Sales) of MRPL informed that more outlets will be opened in different parts of Karnataka, Tamil Nadu and Andhra Pradesh in this phase.

In the next phase of operations HiQ outlets imminent in Goa, Maharashtra and Gujarat as well, besides from expansion of the network in the four southern states.

Corporation Bank card holders will be able to avail services such as transfer of funds, recharge of prepaid mobiles, LIC premium payment among others at the ATMs.

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