Karnataka Bank targets Rs. 2,500-cr export credit this fiscal

Published on : July 22, 2017 Topic : Global Trade
whatsapp           

MANGALURU, JULY 21:
Karnataka Bank Ltd is aiming to achieve an export credit target of Rs 2,500 crore during the current financial year.

Delivering keynote address at the forex business conference of the bank in Mangaluru on Friday, Mahabaleshwara MS, Managing Director and Chief Executive Officer of the bank, said that exports from India have been exhibiting a positive growth in the last few months.

Karnataka Bank will be proactive in extending all the required banking facilities to the forex sector by giving preferential treatment and aims to achieve an export credit target of Rs 2,500 crore.

Business opportunities have turned bright with the government’s initiatives such as ‘Make in India’, ‘StartUp India’, ‘Digital India’, and this will surely turnaround the scenario in forex business also, he said.

Raghavendra Bhat M, Chief General Manager of the bank, spoke about the new export credit product -- KBL-Export Mithra. Muralidhar Krishna Rao, General Manager of the bank, unveiled the forex business roadmap for 2017-18 on the occasion.

Source: The Hindu Business Line
Know Our Products to Grow Your Business
Get Customs Data to Track Your Competitor Shipments
Subscribe to Receive our Daily Newsletter and Keep up-to-date with Latest Global Trade News.

Get global trade data online at your fingertips

  
TERMS & CONDITIONS     |    CANCELATION POLICY     |    REFUND POLICY     |     PRIVACY POLICY
Copyright © 2021 Export Genius. All rights reserved