Karnataka Bank, FIEO organizes Exporters' Meet in Kolkata | SupportBiz

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Karnataka Bank, FIEO organizes Exporters' Meet in Kolkata

 
Mangalore headquartered Karnataka Bank Ltd, in association with the Federation of Indian Export Organisation (FIEO), has recently organized an Exporters' Meet in Kolkata to promote export business in and around the city.

The event, presided over by the Bank’s managing director and CEO P. Jayarama Bhat, had KPMG Advisory Services as the knowledge partner. More than 125 exporters participated in the meet.

Bhat, in his presidential remarks said that, the Bank has no qualms in providing export credit at a competitive interest rate and has decided to reimburse the interest subvention on rupee export credit upfront on monthly basis to all the eligible exporters to further facilitate them.

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."

The event also had an open house session, where various issues related to hedging, guidance for rupee against US dollar were discussed.