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HDFC Bank on Thursday announced its tie up with Indian Oil Corporation to provide banking services in the rural areas where IOC’s petrol pump outlets Kisan Seva Kendras will act as the Business Correspondents for the banks.
Beginning with Pilibhit in Uttar Pradesh, the private sector lender plans to cover 1,000 KSKs to be able to serve around 1,500 customers, the bank said in a statement.
The KSK outlets will offer banking services such as preliminary processing of loan applications, disbursal and collection of small value deposits, sale of micro-insurance, mutual funds and other investment instruments.
beena.parmar@thehindu.co.in
Beginning with Pilibhit in Uttar Pradesh, the private sector lender plans to cover 1,000 KSKs to be able to serve around 1,500 customers, the bank said in a statement.
The KSK outlets will offer banking services such as preliminary processing of loan applications, disbursal and collection of small value deposits, sale of micro-insurance, mutual funds and other investment instruments.
beena.parmar@thehindu.co.in
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