Bank focuses on forex operations
Our Banking Bureau
15 June 2002
conducted a forex review conference in Bangalore recently. During
the course of the conference the bank reviewed its performance in
the foreign exchange business during the year 2001-02 and made
projections for the current year.
conference was attended by officials of the bank’s regional
offices, designated branches and the international division, in
addition to senior executives from the head office. Karnataka Bank
chairman Anantha Krishna says the bank will ensure adequate and
timely dispensation of export credit.
The bank has also brought out a revised manual of instructions for
forex transactions in the context of the rapid changes taking
place in handling forex business. The manual was released during
the course of the conference.
Karnataka Bank registered
a forex merchant turnover of Rs 2,930.50
crore during the year ended 31 March 2002.
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