Karnataka Bank has conducted an exporters’ meet in Chennai in association with Federation of Indian Export Organizations (FIEO). The bank has organized the meet in order to promote export business in Tamil Nadu, especially in and around Chennai.
Besides, eligible exporters will be receiving interest subvention from the bank on quarterly basis. The bank will be reimbursing it without waiting for getting reimbursement from the RBI. Further, the bank is also exploring the possibility of reimbursement of interest subvention on a monthly basis.
Karnataka Bank is a 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.
