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 Money & Banking - Alliances & Joint Ventures
Karnataka Bank, Calyon Bank pact

Mangalore, Dec. 14

Calyon Bank, Mumbai, belonging to the Credit Agricole Group of France, has signed a `White Label' agreement with Karnataka Bank Ltd, to provide risk management services. A Karnataka Bank release said here on Friday that this agreement will enable the bank to provide hedging products like derivatives to its customers. Mr Nick Green, Global Head, IRDE Business and White Label, Calyon Bank, and Mr Ananthakrishna, Chairman of Karnataka Bank, signed the agreement in Mangalore recently, the release added. - Our Bureau

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