South Indian Bank (SIB) has informed that inked a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOC).

The sources informed that through MoU, the bank wants to establish ATMs at IOC's retail filling stations across India.

As per the terms of the agreement, signed at Kochi, SIB would initially install ATMs at 17 retail outlets of IOC.

Adding 23 more branches to its nationwide network, the total number of CSB branches of SIB would touch 575 by the year end.

As per reports of media, the bank is having a total of 307 online ATMs.