Public sector Corporation Bank has entered into an agreement with Mangalore Refinery and Petrochemicals Limited (MRPL), an ONGC company, to provide a bouquet of financial services to MRPL customers across their fuel outlets. | |
| According to an MoU signed today, 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. |
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| This would enable the bank to service a large number of customers without having to bring them into the bank premises, a bank press release said. |
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| Earlier, the Centre had approved 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 commissioned in the current financial year. |
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| More outlets will follow in different parts of Karnataka, Tamil Nadu and Andhra Pradesh in this phase, said Sanjay Grover, general manager (Retail Sales) of MRPL. |
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| The next phase of operations will see HiQ outlets coming up in Goa, Maharashtra and Gujarat as well, apart from expansion of the network in the four southern states. |
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| Corporation Bank card holders can also avail services such as transfer of funds, recharge of prepaid mobiles, LIC premium payment among others at the ATMs. |
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