<p>Karnataka Bank is targeting fresh disbursements of Rs 1,460 crore under export credit during 2013-14, thereby proposing to achieve the stipulated target of 12 per cent set by RBI, said P Jayarama Bhat, managing director of the bank, on Tuesday.<br /><br /></p>.<p>He was delivering the keynote address at ‘Foreign Exchange Business Review Conference – 2013” of the Bank in Bangalore.<br /><br />The bank currently has 20 designated branches for its forex business, including three overseas branches and 56 Forex Bureau branches who are feeders to these designated branches. <br /><br />Discussing the performance of the branches, Meera Aranha, general manager - LCFD, said that the bank posted growth of Rs 248 crore in export credit and Rs 458 crore in merchant turnover during 2012-13. <br /><br />Jayanagaraja Rao S, Chief Manager – Salem branch was felicitated on achieving the Best Progressive Branch for forex merchant turnover in 2012-13. Participants at the conference included regional heads, branch heads from foreign exchange designated branches and the bank’s Forex Support Group.<br /></p>
<p>Karnataka Bank is targeting fresh disbursements of Rs 1,460 crore under export credit during 2013-14, thereby proposing to achieve the stipulated target of 12 per cent set by RBI, said P Jayarama Bhat, managing director of the bank, on Tuesday.<br /><br /></p>.<p>He was delivering the keynote address at ‘Foreign Exchange Business Review Conference – 2013” of the Bank in Bangalore.<br /><br />The bank currently has 20 designated branches for its forex business, including three overseas branches and 56 Forex Bureau branches who are feeders to these designated branches. <br /><br />Discussing the performance of the branches, Meera Aranha, general manager - LCFD, said that the bank posted growth of Rs 248 crore in export credit and Rs 458 crore in merchant turnover during 2012-13. <br /><br />Jayanagaraja Rao S, Chief Manager – Salem branch was felicitated on achieving the Best Progressive Branch for forex merchant turnover in 2012-13. Participants at the conference included regional heads, branch heads from foreign exchange designated branches and the bank’s Forex Support Group.<br /></p>
