MRPL, Corporation Bank sign MoU

Mangalore, Feb 26 (UNI) Mangalore Refinery and Petrochemical Limited (MRPL), a member of the ONGC group, today signed a Memorandum of Understanding with public sector Corporation Bank to provide a bouquet of services to customers in the fuel retail segment.

The MoU was signed by Corporation Bank General Manager B R Bhat and MRPL General Manager (Retail Sales) Sanjay Grover.

Later, addressing a joint press conference here, Mr Bhat said under the MoU, the bank would set up its ATMs at the MRPL retail outlets across Karnataka and other southern states.

He said the bank also planned to provide a bouquet of services through the ATMs, to be installed at the MRPL's retail outlets, which included transactions through Credit Cards, Debit Cards and Smart Cards.

Mr Grover said the MRPL had already got the approval to set up 500 retail outlets across the country in the next three years.

After the successful launch of HiQ outlet at Maddur on the Bangalore-Mysore Highway in Mandya district, the company would launch the outlets at Hubli and Mangalore soon.

He said the company planned to set up 25 outlets during the current year, of which about 15 would come up in Karnataka.

To a query, Mr Grover said 60 per cent of the outlets would be situated in Karnataka, Tamil Nadu, Andhra Pradesh and Kerala and 20 per cent in Maharashtra, Goa and Gujarat.

UNI MA SJ 1856