Corporation Bank recently signed an agreement with ONGC owned, Mangalore Refinery and Petrochemicals Limited (MRPL) Company under which they will offer a variety of banking facilities to the MRPL customers across their fuel outlets.
MRPL has allowed the Mangalore based bank to set up ATM’s at the fuel outlets across Karnataka and the other southern states. Along with the financial services the Bank’s card holders will get additional facilities like payment of LIC premium, fund transfers, recharge of prepaid mobile etc. at the ATMs.
The decision will not only help the bank to provide better services to its existing customers but also enable them to attract large number of potential customers.
The agreement has come at the right time for the bank, as the Centre has approved MRPL’s plan to set up another 500 fuel outlets all over the country.
MRPL has plans to set up their high quality fuel (HiQ) outlets in Karnataka, Tamil Nadu and Andhra Pradesh in the first phase. Followed by HiQ outlets in Goa, Maharashtra and Gujrat in the second phase.