Exim Bank News

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.

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.

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.

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

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

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.

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.

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.

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

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.

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.

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

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

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 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.

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 (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.

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.

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.

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