The proceeds raised will be used by the EXIM Bank to support Indian project exports, overseas investment by way of long term credit and its lines of credit portfolio
The project will significantly enhance the opportunity for trade and business among the nations
Exim Bank plans to raise up to $3 billion from overseas markets this fiscal
Exim Bank has till date sanctioned $2.84 billion for 22 projects valued $3.06 billion under the programme for executing projects
It already raised $1 billion in July from overseas market to support Indian exports and overseas investment
The issue attracted a total order book in excess of $2.50 billion, achieving 2.5x over subscription from over 157 investors, EXIM Bank said in a statement
Funds raised will be used by the bank to support Indian project exports
Santosh Kumar Gangwar said an amount of Rs 1,300 crore was released to Exim Bank by the government in 2015-16 as capital
Power produced from project to cost 32% more than average electricity in Bangladesh, despite heavy subsidies
At present, the banking regulator treats Exim Bank on a par with commercial banks for applying prudential norms
The company did not attribute any reasons for the massive drop in profits
The MoU envisages cooperation to explore the feasibility of extending a commercial line of credit of $100 million to ICD
Chabahar Port lies outside the Persian Gulf in Iran and will help in expanding maritime commerce in the region