Karnataka Bank has targeted forex merchant turnover of Rs 14,000 crore and export credit of Rs 3,160 crore for the year 2013-14. The bank has 20 forex designated branches including 4 overseas branches (Delhi, Mumbai, Kolkata and Bangalore).
The bank has been undertaking various forex business promotion initiatives during the current fiscal to improve the forex business. In this direction, to give further impetus to the forex business at Kolkata, the Kolkata - Park street branch was renamed as Kolkata - Overseas Branch with effect from September 18, 2013.
Recently, Exporters’ Meet was organized jointly by Karnataka Bank and Federation of Indian Export Organization (FIEO) on September 20, 2013 at Kolkata. KPMG Advisory Services was the knowledge partner for the event. The meeting was organized to promote export business in and around Kolkata.
