Karnataka Bank, the Mangalore-based private sector bank, has earmarked Rs 1,100 crore for export credit disbursement during 2012-13 and is committed to achieving an export credit target of 12% of net bank credit.
The bank in this regard has conducted an exporters’ meet in Ludhiana in order to promote export business in Punjab. The bank has conducted the meet in association with Federation of Indian Export Organizations (FIEO) thereby benefitting the exporters in and around Ludhiana.
Karnataka Bank is a Mangalore-based, small-sized, old private sector bank which was set up in 1924. The bank had 510 branches and 409 ATMs spread across 20 states and 2 UTs across the country. Majority of the branch network is in the state of Karnataka.
