Current Affairs - Banking - Discussion

Karnataka Bank launched Trade Konnect on October 15, 2026, to simplify international trade and cross-border remittance services for businesses and individuals. The platform was formally inaugurated through a virtual ceremony at the bank’s head office in Mangaluru, Karnataka. The launch was led by Shri Raghavendra S. Bhat, the bank’s Managing Director and Chief Executive Officer. Trade Konnect enables customers to submit foreign exchange transaction requests online and make outward cross-border remittances without visiting a physical bank branch. The initiative aims to improve convenience, security, and efficiency by digitising international trade-related banking processes.