Page 3 - Exim Bank

Covid-19 impact: Moody's cuts rating for SBI, HDFC Bank to 'Baa3'

After India downgrade, agency reduces long-term deposit ratings of 11 banks

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

RBI buttresses earlier position forcefully; economic forecasts conservative

The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%

Exim Bank's LoC scheme to see fresh commitments worth $20 billion by 2025

Asia and Africa account for 52 per cent and 42 per cent respectively of the share of total LoC commitments

Govt to pump Rs 1,300 cr in Exim Bank next fiscal to drive business growth

Established in 1982, Exim Bank is the apex financial institution for financing, facilitating and promoting the country's international trade.

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

The bank has raised $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 to execute regular activities

It has raised the money from 184 global investors by issuing ten-year bonds and expressed satisfaction with the final pricing, an official statement said.

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

EXIM Bank confirmed that it is in the market but did not divulge specific details about the issues

India needs to outflank China in Africa: Exim Bank CEO Rasquinha

Adding that exporters needed to outflank the Chinese and not fight them, Rasquinha said exporters need to tie up with Japanese companies

Bihar has export potential of $900 mn, shipment could exceed $2 bn: Exim

The study examined Bihar's economic profile and outlined strategies for creating an enabling environment for exports at the state-level

Exim Bank to raise up to $3 billion through capital markets in FY20

In 2018-19, Exim Bank raised foreign exchange aggregating Rs 8,530 crore through a variety of instruments

Exim Bank raises $500 million by issuing bonds, proceeds to support exports

Exim Bank said the bonds were distributed 87% in Asia and 13% in Europe and offshore US

Cabinet approves Rs 6,000-crore capital infusion in state-owned Exim Bank

The Union Cabinet, chaired by Prime Minister Narendra Modi, also approved an increase in the bank's authorised capital from Rs 10,000 crore to Rs 20,000 crore

Cabinet approves capital infusion of Rs 6,000 cr in Exim Bank over 2 years

The government had provided for Rs 500 crore towards capital infusion in the Exim Bank in the budget for this fiscal

Cabinet likely to consider capital infusion of Rs 500 crore in Exim Bank

Established by the Government of India, Exim Bank commenced operations as a purveyor of export credit, mirroring global export credit agencies

Exim Bank eyes Japanese mkt for fund raising as other avenues turn costly

Following roadshow in December 2018, it may come out with bond issues based on market conditions in January-February 2019; Looks to fund projects in EMs like Africa, Bangladesh

Exim Bank as turbo-charger

The challenge is to rev up India's project exports dramatically. Export-Import Bank of India should be re-geared to play a pivotal role

Exim moves NCLT for value maximisation from Binani's resolution process

Sources said the Dalmia Bharat Cement-led consortium's proposal would help pay the bank only Rs 4.5 billion and another Rs 1.7 billion would be left out, resulting in a haircut