South Indian Bank to set up ATMs at IOC pumps

South Indian Bank (SIB) has signed an Memorandum of Understanding(MoU) with Indian Oil Corporation (IOC) to set up ATMs at retail filling stations of the latter across India.Under the agreement, signed at Kochi yesterday, SIB would initially set up ATMs at 17 retail outlets of IOC. 

IOC's Executive Director H S Bedi and SIB's Executive Director Abraham Thariyan were present at the function, a SIB release said today.     

Adding 23 more branches to its countrywide network, the total number of CSB branches of SIB would touch 575 by the year end. The bank has a total of 307 online ATMs.The MoU was signed by Jose Mohan, DGM, SIB and Ullas Kamath Chief Retail Sales Manager, IOC.