Canara Bank plans tie-up with airlines,Financial Institutions

As part of its exercise to provide additional services to customers, Canara Bank will enter into a tie-up with several financial and service sector institutions including Kingfisher, Indian and Jet Airways.

The tie-up will facilitate the bank’s customers to book air-tickets.

The proposal has already been approved and will be implemented shortly, its General Manager, Mr. N. Somasundaram, said here on Sunday. He said that the bank would also tie-up with Paymate and Bill Junction.com. Credit/debit cardholders of Canara Bank could make payments towards services such as power consumption bills, water-tax and also buy consumer goods, he said.

Mr. Somasundaram said that the bank would also enter into a tie-up with the National Financial Switch and State Bank of India and its subsidiaries to interconnect 20,000 automated teller machines (ATMs) of 28 banks, he added.

The bank had identified 10 select centers including Chennai, Bangalore, New Delhi, Kolkata , Mumbai and Hyderabad for reimbursing the service charges being collected towards transactions carried out at ATM centres of other banks.

Mr. Somasundaram, who was here to participate in a function to mark the inaugural of the ATM at the city Railway Junction, said that this was the 36th ATM in the Tiruchi circle.