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  • Exim Bank to provide $100 million loan to Mauritius for procuring defence items Aug 13, 2021 08:58 AM IST

    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 Jul 12, 2021 11:46 AM IST

    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 Mar 03, 2021 02:49 PM IST

    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 Jan 05, 2021 11:37 AM IST

    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 Jun 25, 2020 02:25 PM IST

    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 Jun 12, 2020 07:30 PM IST

    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 May 24, 2020 03:59 PM IST

    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 Feb 16, 2020 03:39 AM IST

    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 Jan 16, 2020 01:30 PM IST

    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 Jan 07, 2020 07:24 PM IST

    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 Jan 06, 2020 08:44 PM IST

    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 Nov 19, 2019 10:30 AM IST

    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 Nov 07, 2019 08:45 PM IST

    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.

  • Exim Bank India posts Rs 82 crore PAT in FY19 May 30, 2019 05:50 PM IST

    Exim Bank India posts Rs 82 crore PAT in FY19

    The export finance institution also witnessed reduction in bad loans during the year.

  • Fitch affirms Exim Bank's ratings, outlook Apr 09, 2019 04:50 PM IST

    Fitch affirms Exim Bank's ratings, outlook

    The government injected regular Rs 5,000 crore capital into the bank in the year to March 2019.

  • Exim Bank extends $180 m credit to Ghana Apr 09, 2019 02:30 PM IST

    Exim Bank extends $180 m credit to Ghana

    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.

  • Exim Bank extends $800 m credit line to Maldives Mar 20, 2019 03:46 PM IST

    Exim Bank extends $800 m credit line to Maldives

    The LoC agreement was signed between Ibrahim Ameer, the finance minister of the Maldives, and Sudatta Mandal, the chief general manager of Exim Bank.

  • Exim Bank gives $83 million line of credit to Congo to finance 3 solar power projects Mar 19, 2019 03:40 PM IST

    Exim Bank gives $83 million line of credit to Congo to finance 3 solar power projects

    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.

  • Exim Bank raises $500 mn by issuing bonds Mar 06, 2019 07:40 PM IST

    Exim Bank raises $500 mn by issuing bonds

    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

  • Govt to infuse Rs 6,000 cr in Exim Bank over two years Jan 16, 2019 04:04 PM IST

    Govt to infuse Rs 6,000 cr in Exim Bank over two years

    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.

  • Export growth to surge 7% in October-December: Exim Bank Dec 17, 2018 03:59 PM IST

    Export growth to surge 7% in October-December: Exim Bank

    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.

  • Cabinet approves MoU on blockchain by Exim Bank Sep 12, 2018 06:48 PM IST

    Cabinet approves MoU on blockchain by Exim Bank

    Distributed Ledger/Blockchain technology holds potential for solutions to various challenges being faced in the financial sector space of the BRICS nations.

  • Exim Bank expects 10-15% growth in lines of credit portfolio in FY19 Aug 08, 2018 08:00 PM IST

    Exim Bank expects 10-15% growth in lines of credit portfolio in FY19

    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.

  • Exim Bank extends 2 LOCs of $100 mln to Rwanda Jul 25, 2018 08:39 PM IST

    Exim Bank extends 2 LOCs of $100 mln to Rwanda

    Exim Bank has so far extended seven LOCs to Rwanda, to the tune of USD 547.65 million.

  • Exim Bank extends $10 mn loan facility to Seychelles Jun 27, 2018 04:00 PM IST

    Exim Bank extends $10 mn loan facility to Seychelles

    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.

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