Media Release

Mangaluru, Jul 9: “Export business segment, being precious foreign exchange earner for the country, deserves special attention by the Banks. With the liberal FDI policy which facilitates investments and incentives offered by RBI in the form of interest equalization scheme, Production Linked Incentive Scheme (PLI) and various other measures, the Indian exporters should capture the opportunity and augment production capacity to continue the upward trajectory under exports during the current year also. Considering the opportunities in the export segment, Karnataka Bank has an exclusive Forex Support Group which will reach out to more and more exporters and importers to cater to the financial needs of all segments of borrowers including MSME’s” said Mahabaleshwara M S, MD and CEO of Karnataka Bank. He was delivering key note address in the Forex Business Conference of the bank held at the Karnataka Bank Building, Kodialbail, Mangaluru on July 8.

Ravichandran S, general manager – Credit Sanctions, in his address unveiled the road map for forex business for the year 2022-23.

The conference was also graced by the chief operating officer Y V Balachandra, and chief business officer, Gokuldas Pai.

Chandrashekar, deputy general manager, Credit Sanctions, gave a brief overview of the forex business of the Bank and Sandra Maria Lorena, deputy general manager, CLSC proposed vote of thanks.