Karnataka Bank conducts exporters’ meet in Ludhiana

Karnataka Bank, in association with the Federation of Indian Export Organisations (FIEO), conducted an exporters’ meet in Ludhiana recently, according to a bank release here on Monday. The meeting was organised to promote export business in Punjab, especially in and around Ludhiana, it said. Speaking on the occasion, P. Jayarama Bhat, Managing Director of the bank, said that the bank has earmarked Rs 1,100 crore for export credit disbursement during 2012-13, the release said. Chandrashekar Rao , Deputy General Manager of Karnataka Bank, said that the bank is committed to achieving an export credit target of 12 per cent of net bank credit. More than 150 exporters from Ludhiana region attended the meet, the release said.