Karnataka Bank Organizes Exporters’ Meet at Kolkata

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Exporters’ Meet was organized jointly by Karnataka Bank Ltd and Federation of Indian Export Organization (FIEO) on September 20th at Kolkata.

KPMG Advisory Services was the knowledge partner for the event. The meeting was organized to promote export business in and around Kolkata.

The programme was presided over by. P.Jayarama Bhat, Managing Director and CEO of Karnataka Bank Ltd.

P.Jayarama Bhat, in his presidential remarks informed that the Bank treats export credit as National Priority and to further facilitate the exporters, the Bank has taken a decision to reimburse the interest subvention on rupee export credit upfront on monthly basis w.e.f 01.07.2013 to all the eligible exporters.

 He also informed that Bank is committed to provide export credit to all the eligible exporters at a competitive interest rate and assured the exporters of Kolkata that they will get excellent service from our Bank at all times.

 Neeladrinath Bhattacharjee, Director, Management Consulting for KPMG in India gave a presentation on Current global forex scenario, impact on Indian forex market, effect on exporters and way forward for Rupee”.

During the open house session, various issues related to hedging, guidance for rupee against US dollar was discussed.

Chandrashekar Rao. B, Deputy General Manager of Karnataka Bank gave a brief note on the purpose of organizing the event in association with FIEO. Ramesh Kumar Agarwal, Regional Chairman, FIEO, Eastern Region welcomed. Gokuldas Pai, Assistant General Manager and Regional Head of Kolkata region proposed vote of thanks.

More than 125 exporters in and around Kolkata participated in the exporters’ meet.

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