Corporation Bank to set up ATMs at MRPL fuel outlets

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.

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.

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.

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.

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.

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.