Corporation Bank launches Internet banking

Our Banking Bureau
14 August 2002

New Delhi: Corporation Bank has launched three technology initiatives, including facilities to pay insurance premia of Life Insurance Corporation (LIC) and telephone bills of Bharat Sanchar Nigam Ltd (BSNL) through the Internet, while introducing Internet banking for non-resident Indians.

The payment of LIC premium will be free of cost and hassle-free, says LIC executive director S K Sakhuja.

BSNL general manager K J Chacko says the majority of 2.70-lakh telephone subscribers of Dakshina Kannada Telecom District can use this facility.