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Exim Bank News

Ubharte Sitaare Fund

21 Aug 2021

Nirmala Sitharaman launches Ubharte Sitaare Fund

Sitharaman further said MSME businessmen will not have to undertake an audit for submission of their accounts. Uttar Pradesh has the highest number of MSMEs and has effectively implemented the One District One Product programme. The fund will go a long way in making India a major exporting hub, she said.

22 May 2020

Reserve Bank extends Rs 15,000-cr credit line to EXIM Bank

The central bank said Export-Import Bank of India (EXIM Bank) depends on foreign currency borrowings for its operations and as a result of the COVID-19 pandemic, it is unable to raise the resources, due to which the facility is being extended.

07 Dec 2019

Govt lends USD 500 million to Bangladesh to fund defence procurement

Bangladesh is seeking to diversify its military arsenal given that more than 90% of its equipment is of Chinese origin. The current strategy is based on fears of being trapped in a full-blown conflict with Myanmar, which enjoys China’s backing over the Rohingya issue.

Export-Import Bank of India

20 Mar 2019

Exim Bank to give $800 mn credit to Maldives for developmental projects

Exim Bank has extended a Line of Credit (LOC) of USD 800 million to Maldives for financing developmental projects.

02 Oct 2017

Arun Jaitley to begin Dhaka visit tomorrow

In the evening, he will attend a dinner hosted by the High Commissioner of India, HarshVardhan Shringla.

Chabahar Port Development Project

05 Aug 2017

India hopeful of making Chabahar port operational by 2018

Prime Minister Narendra Modi had earlier congratulated Rouhani on his re-election as the President of Iran and affirmed India's commitment to strengthen the special relations between the countries.

27 Jun 2017

Heads of Exim Bank, IFCI, 2 others to be appointed by mid-July

The government is likely to appoint heads of four public sector financial institutions -- Exim Bank, IFCI, Sidbi and IIFCL -- by the middle of next month.

05 Feb 2017

Hemmed in by NPAs, poor demand, Exim Bank stares at muted year

Hit by increase in non-performing assets and subdued global demand, the national export finance institution Exim Bank is looking at a muted growth of 5-7 per cent for the current financial year.

06 Nov 2016

Exim Bank lowers lending cost by 0.25%

In a bid to promote project exports, Export-Import Bank of India (Exim Bank) has lowered its credit cost by 0.25 percent.

13 Oct 2016

Cabinet approves MoU between Exim Bank, New Development Bank

The Union Cabinet here on Thursday approved the signing of a Memorandum of Understanding (MoU) between New Development Bank (NDB) and Export Import Bank of India (Exim Bank) for general cooperation through the BRICS Interbank Cooperation Mechanism, an official statement said.

06 Apr 2016

Govt widens export funding to Iran to Rs 3,000 crore

The Cabinet on Wednesday more than tripled the funding for exports to Iran to Rs 3,000 crore through the Export Development Fund (EDF) of the Exim Bank with a view to improving bilateral trade and strategic ties.

Finance Minister Arun Jaitley

05 Apr 2016

Govt to develop 25 regional airports, says Jaitley

To improve air connectivity, Union Minister Arun Jaitley today said the government plans to develop 25 regional airports.

21 Mar 2016

'India, Africa must look at opportunities for diversification'

The fast-growing economies in India and Africa will have to diversify to cash in on the boom in many sectors, a top African economist said on Monday

27 Oct 2015

Exim Bank co-promotes project development firm in Africa

Exim Bank on Tuesday said it will set up in Africa a development firm KPDC, in partnership with others, to facilitate Indian participation in infrastructure projects across the continent.

General Electric

17 Sep 2015

GE to create 1,000 jobs in Europe, blames Ex-Im Bank shutdown

General Electric said Thursday it would create up to 1,000 aviation jobs in Europe, the latest blow to the US jobs market after Congress shut down the Export-Import Bank.

09 Sep 2015

Govt gives ex-post-facto nod to capital infusion in EXIM Bank

The government on Wednesday gave its ex-post-facto approval to 800 crore capital infusion made in the Export Import Bank of India (EXIM Bank).

Export-Import Bank of India

10 Jul 2015

Exim Bank, BRICS member development banks ink MoU with NDB

Export-Import Bank of India (Exim Bank) on Friday said it has signed a multilateral agreement to cooperate with New Development Bank (NDB) along with other member development banks of BRICS nations.

30 Apr 2015

Exim Bank Net up marginally at Rs 726 crore in FY15

The Exim Bank Thursday reported a marginal increase in net profit at Rs 726 crore for FY 2014-2015, up from Rs 710 crore in the previous fiscal.

05 Mar 2015

EXIM Bank plans to raise Rs 13,000 crore in FY16

Enthused over the allocation of Rs 1,300 crore in the Union Budget, Export-Import Bank of India is now planning to raise an additional Rs 13,000 crore in the next fiscal, a top official said today.

11 Feb 2015

Exim Bank to provide $22.5 mln line of credit to Gambia

Exim Bank will provide a line of credit of USD 22.5 million to Gambia for financing electrification project in the African nation.

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