Nirmala Sitharaman launches Ubharte Sitaare Fund; says Modi govt has created supportive ecosystem for MSMEs
Uttar Pradesh has the highest number of MSMEs and has effectively implemented the One District One Product programme, which provides the ideal ecosystem for success of an initiative like the Ubharte Sitaare Fund.
Aug 21, 2021, 22:30 PM IST
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.
May 22, 2020, 14:12 PM IST
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.
Dec 07, 2019, 10:08 AM IST
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.
Mar 20, 2019, 17:33 PM IST
Arun Jaitley to begin Dhaka visit tomorrow
In the evening, he will attend a dinner hosted by the High Commissioner of India, HarshVardhan Shringla.
Oct 02, 2017, 19:01 PM IST
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.
Aug 05, 2017, 18:31 PM IST
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.
Jun 27, 2017, 15:50 PM IST
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.
Feb 05, 2017, 15:30 PM IST
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.
Nov 06, 2016, 17:34 PM IST
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.
Oct 13, 2016, 14:30 PM IST
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.
Apr 06, 2016, 17:23 PM IST
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.
Apr 05, 2016, 12:51 PM IST
'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
Mar 21, 2016, 22:56 PM IST
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.
Oct 27, 2015, 14:23 PM IST
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.
Sep 17, 2015, 22:01 PM IST
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).
Sep 09, 2015, 20:20 PM IST
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.
Jul 10, 2015, 15:32 PM IST
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.
Apr 30, 2015, 19:45 PM IST
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.
Mar 05, 2015, 17:44 PM IST
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.
Feb 11, 2015, 20:04 PM IST
