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Karnataka Bank Ltd is targeting fresh disbursement of Rs 1,460 crore under export credit during 2013-14.
P. Jayarama Bhat, Managing Director, said this while delivering the keynote address at the ‘Foreign Exchange Business Review Conference 2013’ of the bank here on Tuesday.
With this fresh disbursement, the bank is targeting a total export credit of Rs 3,160 crore by the end of 2013-14.
At present the bank has 20 designated branches, including three overseas branches, for forex business. Added to this, 56 branches act as feeders to these designated branches.
Meera Aranha, General Manager, said the bank registered a growth of Rs 248 crore in export credit during 2012-13.
The General Managers — P. Jairama Hande, N. Upendra Prabhu and Mahabaleshwara M. S. — were present.
Regional heads of the bank, the branch heads from forex designated branches, and executives from the international division in Mumbai and the Forex Support Group attended the conference.
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