Karnataka Bank conducts NRI meet

The non-resident Indians (NRIs) always respond to the progress of the country and their contribution and role in the development of Indian economy is substantial, according to Mr Ananthakrishna, Chairman of Karnataka Bank Ltd.

A bank release said here on Tuesday that he was speaking at an NRI meet, organised by it in Mangalore recently.

Stating that NRI deposits are important in the deposits portfolio of the banks in India, he said Karnataka Bank provides dedicated, personalised and quick services supported by good technology to its NRI customers.

Speaking on the occasion, Mr P. Jayarama Bhat, Managing Director of the bank, said liberalisation of interest rates on NRI deposits is aimed at increasing the inflow of funds from abroad. He said that Karnataka Bank has wide range of NRI products supported by good technology and also it is extending information to NRIs through its dedicated NRI cell based at Mumbai.

Mr Suresh K., Assistant General Manager at International Division of the bank in Mumbai, gave a presentation on the facilities available to NRIs on the occasion.

vinayakaj@thehindu.co.in