Karnataka Bank focuses on forex operations
By Our Banking Bureau | 15 Jun 2002
The
conference was attended by officials of the banks 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.