Karnataka Bank focuses on forex operations

Bangalore: Karnataka Bank 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.

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.