Aug 13, 2021 08:58 AM IST
The Export-Import Bank of India (Exim Bank) has entered into an agreement for USD 100 million line of credit to Mauritius for procurement of defence items from India, the RBI said in a release on Thursday.
- Jul 12, 2021 11:46 AM IST
The buyer''s credit facility was extended under the National Export Insurance Account (NEIA) scheme, which provides a safe mode of financing option to Indian project exporters backed by cover from NEIA Trust, as per an official statement.
- Mar 03, 2021 02:49 PM IST
Exim Bank, on behalf of the Indian government, has extended a Line of Credit (LoC) of $10.40 million to the government of the Kingdom of Eswatini (Swaziland) for the construction of disaster recovery site, the bank said in a release.
- Jan 05, 2021 11:37 AM IST
The issue was oversubscribed over 3.5 times, managing director David Rasquinha said, adding in Asia when the issue was launched the bonds were oversold within two hours.
- Jun 25, 2020 02:25 PM IST
“In the year gone by our business and financial performance have been encouraging. The loan portfolio has grown by about 6-7 percent. We have looked strongly at building the loan assets,” Exim Bank's Managing Director David Rasquinha told reporters.
- Jun 12, 2020 07:30 PM IST
With the signing of this agreement, Exim Bank, so far, has extended five LOCs to Malawi, on behalf of the Indian government, taking the total value of LOCs extended to $395.68 million, a release said.
- May 24, 2020 03:59 PM IST
Under such circumstances, the lender had requested the Reserve Bank of India (RBI) for a credit line of USD two billion, an official of the Export-Import Bank of India said.
- Feb 16, 2020 03:39 AM IST
This is Rs 350 crore higher than provision made by the government for the current fiscal.
- Jan 16, 2020 01:30 PM IST
The bank has raised USD 1.7 billion (about Rs 11,900 crore) of overseas borrowing through bond issuances and foreign loans in current financial year.
- Jan 07, 2020 07:24 PM IST
The money was raised at a pricing of 1.50 per cent over the US Treasury rate as against a guidance of 1.75 per cent on the back of an over-subscription, with the total order book touching $2.7 billion, it said.
- Jan 06, 2020 08:44 PM IST
In August, the bank had hit the Samurai bonds market and had mopped up 32 billion yen in a three and five-year money offerings. Samurai bonds are yen-denominated debt issued by foreign governments, agencies or companies in Japan.
- Nov 19, 2019 10:30 AM IST
The report also said that the merchandise exports from the eastern state in 2017-18 were valued at USD 1.35 billion which was a "remarkable improvement" over the USD 0.4 billion of exports recorded during 2012-13.
- Nov 07, 2019 08:45 PM IST
Out of the total credit by Exim Bank under the agreement, goods, works and services of the value of at least 75 percent of the contract price shall be supplied by the seller from India and the remaining 25 percent of goods and services may be procured by the seller for the purpose of eligible contract from outside India, RBI said.
- May 30, 2019 05:50 PM IST
The export finance institution also witnessed reduction in bad loans during the year.
- Apr 09, 2019 04:50 PM IST
The government injected regular Rs 5,000 crore capital into the bank in the year to March 2019.
- Apr 09, 2019 02:30 PM IST
The bank has given a USD 30-million credit to a rehabilitation and upgrade of potable water system in Yendi, and USD 150 million to strengthen agriculture mechanization service centres across the West African nation, a statement said on Tuesday.
- Mar 20, 2019 03:46 PM IST
The LoC agreement was signed between Ibrahim Ameer, the finance minister of the Maldives, and Sudatta Mandal, the chief general manager of Exim Bank.
- Mar 19, 2019 03:40 PM IST
The loan will be utilised for financing three solar photovoltaic power projects with a total capacity of 35 megawatt in the three provinces -- Karawa, Mbandaka and Lusambo.
- Mar 06, 2019 07:40 PM IST
The funds raised will be used by the bank to support Indian project exports, foreign investment by way of long-term credit and its line of credit portfolio
- Jan 16, 2019 04:04 PM IST
The equity will be infused in two tranches -- Rs 4,500 crore in 2018-19 and Rs 1,500 crore in 2019-20, Railway Minister Piyush Goyal told reporters after the Cabinet meeting here.
- Dec 17, 2018 03:59 PM IST
The release of the estimates, done by the city-headquartered policy bank using in-house modelling method, comes days after official data showed merchandise exports growth slumping to 0.8 percent for November on a base effect.
- Sep 12, 2018 06:48 PM IST
Distributed Ledger/Blockchain technology holds potential for solutions to various challenges being faced in the financial sector space of the BRICS nations.
- Aug 08, 2018 08:00 PM IST
The growth in LOCs in any period depends on a variety of factors, including the progress of projects overseas being funded under LOCs, and diplomatic priorities of the Government of India and the partner country, he said further.
- Jul 25, 2018 08:39 PM IST
Exim Bank has so far extended seven LOCs to Rwanda, to the tune of USD 547.65 million.
- Jun 27, 2018 04:00 PM IST
With this agreement for USD 10 million, Exim Bank, till date, has extended two line of credits to Seychelles, taking the total value to USD 28 million.