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IOC pact with Corporation Bank

MANGALORE: Indian Oil Corporation and Corporation Bank have signed memoranda of understanding for providing value addition to IOC customers here on Tuesday. Under the MoUs, the bank will set up automated teller machines at select IOC retail outlets and extend financial assistance through loans to IOC’s dealers for setting up Kisan Seva Kendras (KSKs). The General Manager (Retail Sales), IOC, K. R. Suresh Kumar, and General Manager (IT), Corporation Bank, B. R. Bhat, signed the MoUs. — Staff Correspondent

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