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March 28, 2008

Corporation Bank Launches Banking Services on Reliance Mobile World

  • FIRST PUBLIC Sector Bank TO GO mobile ON R World
  • RCOM-FIRST Telecom OPERATOR TO offer Mobile Banking Service TO a PUBLIC Sector Bank
  • Service TO benefit Corp. Bank's 8 million customers across THE nation

Mumbai, March 27, 2008 : Reliance Communications, India's foremost truly integrated telecommunications service provider, and Corporation Bank, a Premier Public Sector Bank in the country have joined hands to provide seamless mobile banking service to their customers across the nation

Reliance Communications has already been providing mobile banking services to customers in private banks like ICICI Bank, HDFC Bank, Axis Bank and IDBI Bank. However, it is the first time and the first telecom operator in India to offer such a service to a public sector bank.

Corporation Bank Account holders using Reliance Mobile Phones can now request for various information on their accounts such as balance enquiry, last three transactions, funds transfer, cheque status, request for new cheque book etc. This service obviates the need for any keywords for SMS or remembering any number as the application itself takes care of everything.

Users have to click on Reliance Mobile World (R World) on their mobile phones and choose the Finance section and subsection MBanking. Then they have to select Corporation Bank from the lists of Banks. (Reliance Mobile World >Finance > M Banking > Corporation Bk)

With the introduction of this facility, Corporation Bank has once again demonstrated that it is a pioneer among Public Sector Banks in offering innovative services through remote delivery channels, especially the Mobile Commerce Segment.

Announcing the launch Shri B.R.Bhat, General Manager, Corporation Bank said, " As a pioneer in infusion of new technology and its applications, our Bank is happy to be associated with Reliance Communications for providing mobile services to the customers. Never before were the banking operations this simple and customer-friendly. We look forward to our ever-expanding customer base to make the fullest use of this quick and time saving service. It's a real boon for our customers"

Speaking on the occasion, Mahesh Prasad, President- Applications, Solutions and Content Group, Reliance Communications observed "Reliance Communications always believes in making its customers lives easy and simple. We are pleased to be working with Corporation Bank to enable its customers get information on their accounts anywhere, anytime in the country. I am sure that this initiative will go a long way in benefiting the customers of both Reliance Mobile and Corporation Bank and in building a strong symbiotic relationship between the two."

About Corporation Bank

In its pursuit of new ways of reaching various segments of customers, Corporation Bank has been continuously designing new products and services aided by technology. It has been the first Bank to introduce a variety of M-Commerce applications including "SMS-based - Pay-by- Mobile Service" - through which customers can shop on Internet, engage in teleshopping and purchase at over 3,000 merchant establishments across categories. They can also interface with many airlines, restaurants, retailers etc through their mobile phones.

About Reliance Mobile World :

Reliance Mobile World is a virtual one-stop-shop for entertainment, communication, gaming and m-commerce. Thanks to the wide range of applications, it has endeared itself to users from all walks of life. Reliance Mobile World has over hundreds of useful applications and over 2,00,000 content titles which include mobile TV, videos, cricket updates, music, ringtones, phonebook transfer and back-up service, m-commerce services like Mobile Banking, bill payments, mobile e-mail and instant messenger, city and TV guides, booking gas cylinders, tracking Speed Post, Airlines and Railway reservations, examination results and much more.

About Reliance Communications:

Reliance Communications Limited, founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a market capitalization of over Rs. 3,20,000 crore, net worth in excess of Rs. 40,000 crore, cash flows of Rs. 9,000 crore, net profit of Rs. 5,000 crore and zero net debt.

Rated among "Asia's Top 5 Most Valuable Telecom Companies", Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of around 46.5 million including over 1.4 million individual overseas retail customers, ranks among the Top

10 Asian Telecom companies by number of customers. Reliance Communications' corporate clientele includes 1850 Indian and multinational corporations, and over 200 global carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire infocomm value chain, covering over 15,000 towns and 400,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region. For more on Reliance Communications, please visit www.reliancecommunications.co.in .

For further Information, please contact:

Reliance Communications
Chaitra Harihar

Lakshman Sundar: -

Corporation Bank:
A. Mohan Rao:
0824 - 2424523

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