Exim Bank

Apple has scaled up domestic value addition and component manufacturing as global supply chains realign

EXIM extends $23.37 million line of credit to Guyana for aircraft procurement

Exim Bank has now in place 292 Lines of Credit, covering 62 countries in Africa, Asia, Latin America, CIS and the Oceania

Exim Bank launches Exim Finserve at GIFT City

Exim Finserve will provide a combination of three essential services to exporters: receivables financing, coverage of the risk of non-payment and management of accounts receivable, Exim Bank said in a release.

Exim Bank projects merchandise exports to fall to $111.7 billion

The bank said the non-oil exports are forecast to amount to $86.6 billion in the first quarter of the new fiscal year.

India should leverage southern Africa's rare earth mineral resources: Exim Bank report

The report, titled 'Reinvigorating India's Engagements with Southern Africa,' was released in Johannesburg this week as part of the CII-Exim Bank Regional Conclave on India-Southern Africa Growth Partnership.

India emerged as leading defence exporter in recent years; could fulfill Africa's maritime, aerospace and defence requirements: Exim Bank report

The report by India Exim Bank, titled ‘Reinvigorating India’s Economic Engagements with Southern Africa’, was released at the inauguration of the CII-Exim Bank Regional Conclave on India-Southern Africa Growth Partnership

EXIM Bank extends $100 million LoC to Maldives for development projects

Exim Bank's overall commitment to the strategically important island nation located in close proximity goes to six lines of credit totalling USD 1.43 billion, as per an official statement.

India's merchandise exports to rise over 11% to USD 114 billion in July-September: Report

Exim Bank releases the forecast during the first weeks of June, September, December and March for the corresponding quarters.

US EXIM Bank, Ukraine pledge cooperation on financing, reconstruction

The meeting between EXIM Chair Reta Jo Lewis and Ukrainian Minister for Communities and Territories Development Oleksiy Chernyshov came exactly a year after EXIM and Ukraine signed a memorandum of understanding to identify $3 billion in EXIM-supported export financing projects for Ukraine, including road, rail and energy infrastructure.

Exim Bank mulls raising $3.8 billion in FY23 by issuing bonds in global markets: MD Harsha Bangari

Being a policy bank, fully-owned by the union government, the bank also has a budgeted allocation of Rs 1,500 crore for the current fiscal year.

Exim Bank profit jumps nearly three-fold to Rs 738 crore in FY22

In FY2022, the bank supported 75 project export contracts valued at Rs 19,380.34crore under its commercial portfolio, in 39 countries.

Banks should be more liberal on issues like exchange rates to help exporters: Piyush Goyal

The minister said at present, India is ahead of the $400 billion export target for the 2021-22 fiscal, saying the first half till end-September will witness earnings of $190 billion.

Exim Bank to provide $100 million loan to Mauritius for procuring defence items

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.

Exim Bank lends $35.26 million for Senegal power project being executed by Kalpataru

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.

Exim Bank inks $10.40 million soft loan pact with Eswatini

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.

Exim Bank mops up $1 billion at record low rate

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.

Exim Bank posts Rs 124 crore profit for FY20

“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.

Exim Bank extends $216 million credit line to Malawi govt

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.

Present situation due to COVID-19 pandemic not suitable for raising funds overseas: Exim Bank

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.

Govt to infuse Rs 1,300 cr in Exim Bank next fiscal

This is Rs 350 crore higher than provision made by the government for the current fiscal.

Exim Bank to raise up to $3 bn from overseas borrowings in FY21

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.

Exim Bank raises $1 bn via overseas bond sale

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.

Exim Bank hits global bond markets with $1-bn issue

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.

Bihar has untapped export potential of $900 million: Exim Bank study

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.

Exim Bank gives $30 million line of credit to Ghana

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.