Indian Oil Corporation (IOC) and South Indian Bank (SIB) on Saturday signed a memorandum of understanding to start the latter's ATMs at IOC outlets across the country.
Initially, 17 offsite ATMs would be installed at IOC retail outlets at important locations. SIB has a network of 552 branches, 9 extension counters, 14 regional offices and 307 online ATM centres.
The bank proposes to open 23 branches during the next three months to take the total to 575 by the end of the current financial year, according to a release.
