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Karnataka Bank Ltd is aiming to achieve an export credit target of ₹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 ₹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.
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