dblogonew02.gif (3810 bytes) Need to check out original corporate information? Visit www.prdomain.com  
a division of The Information Company Private Limited
information is money
home | advertise | partnership | site map
 
 
  finance > banks & institutions > Corporation Bank
4pixels.gif (45 bytes)
Corporation Bank to let other banks share its ATM facilities
Our Banking Bureau
7 January 2003

Hyderabad: Corporation Bank plans to cash in on its investments on ATMs by letting other banks share the facilities.

The bank, which has entered into agreements with Oriental Bank of Commerce, Karnataka Bank and Bank of Rajasthan for sharing its ATM network, is negotiating with a couple of other banks for similar arrangements.

Disclosing this at a news conference on the eve of opening 12 high-tech banking units in the twin cities of Hyderabad and Secunderabad, Corporation Bank chairman and managing director K Cherian Varghese said the bank will finalise arrangements with Dena Bank and Allahabad Bank shortly for sharing its ATM network. “Plans are afoot to share our vast ATM network with more banks.”

Aimed at further strengthening its distribution network, the bank proposed to go aggressive in expanding its ATM network across the country.

send this report to a friendThe bank, which currently has a network of 300 ATMs, has initiated measures to set up another 200 by the end of the current fiscal year, taking the total network to 500 ATMs by 31 March 2003. The sites have been identified and the orders for the ATMs have been placed, Varghese said.

List of reports on Corporation Bank

 

Google
 
Web www.domain-b.com
www.prdomain.com
 

 

This site is best viewed with an 800 x 600 mointor resolution    |    Copyright 1999-2003 The Information Company Private Limited. All rights reserved.

Corporation Bank to let other banks share its ATM facilities