Exim Bank

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Exim Bank - Total results - 24
RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
Business

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade

The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade

DGS seeks govt nod for setting up maritime fund; move aims at helping small, mid-size entrepreneurs in sector
Business

DGS seeks govt nod for setting up maritime fund; move aims at helping small, mid-size entrepreneurs in sector

The purpose of the proposed maritime fund is aimed at raising the long-term funds in domestic and international markets and create an equity corpus.

CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore
Business

CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore

The figure, which stood at around Rs 640 crore, swelled to Rs 1,139 crore as the agency continued filing of FIRs

Industry, exporters should not depend on subsidies; work on improving competitiveness: Piyush Goyal
Business

Industry, exporters should not depend on subsidies; work on improving competitiveness: Piyush Goyal

On export credit, Goyal said it was discussed in detail and a meeting has been called Friday to further deliberate on the matter

Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets
Business

Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets

The tariff war is set to create distortions in both regional and global value chains, and its adverse impact is likely to spread to other developing countries, worsening their existing balance of payment challenges.

Jet Airways faces imminent shutdown without emergency funds from lenders: Report
Business

Jet Airways faces imminent shutdown without emergency funds from lenders: Report

Jet’s management had advised the airline’s board to temporarily suspend the company’s operations, according to reports

Jet Airways defaults yet again, delays payments to foreign banks this time; emergency funding may decline to Rs 200 crore
Business

Jet Airways defaults yet again, delays payments to foreign banks this time; emergency funding may decline to Rs 200 crore

The debt-laden Jet Airways had missed the due date in end March and reportedly approached the MNC banks to avert any stern action against the airline.

Cabinet approves Rs 6,000-crore capital infusion in Exim Bank to augment capital adequacy, support Indian exports
Business

Cabinet approves Rs 6,000-crore capital infusion in Exim Bank to augment capital adequacy, support Indian exports

Exim Bank is the principal export credit agency in India and the infusion will give an impetus to new initiatives

10% quota for upper castes: Make govt jobs less cushy, says MIT economist Abhijit Banerjee
Business

10% quota for upper castes: Make govt jobs less cushy, says MIT economist Abhijit Banerjee

Banerjee said on Wednesday that people prefer government jobs as they are well paid and have no very strong obligation to work.

Exim Bank says export growth to surge 7% in Oct-Dec; Nov merchandise shipment shrinks
Business

Exim Bank says export growth to surge 7% in Oct-Dec; Nov merchandise shipment shrinks

The Exim Bank estimate said merchandise exports will go up to $82.39 billion for the third quarter of the fiscal year, as against $77 billion.

SBI raises $650 mn in maiden green bond sale; to finance projects that do not emit toxic elements
Business

SBI raises $650 mn in maiden green bond sale; to finance projects that do not emit toxic elements

With this issue, SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative, a global not-for-profit investor-focused organisation

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt
Business

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt

ICA to aid banks, financial institutions fighting bad loans that are sniffing at 12 percent of the system, to take concerted efforts towards resolving dud loans under Rs 500 crore.

India, Myanmar discuss ways to boost trade, investments in sixth Joint Trade Committee meet
World

India, Myanmar discuss ways to boost trade, investments in sixth Joint Trade Committee meet

Indian commerce and industry minister Nirmala Sitharaman sought cooperation of Myanmar in enhancing road, sea and air connectivity between the countries to increase bilateral trade

RBI doesn't target any range on rupee, intervenes only to curb volatility, says deputy governor Mundra
Business

RBI doesn't target any range on rupee, intervenes only to curb volatility, says deputy governor Mundra

Foreign investors have pumped in about US $6 billion in capital markets so far this month, buoyed by expectations that BJP's victory in just held assembly polls would lead to more "bold, reformist policies" in India.

India's private sector investment sought for Cote D'Ivoirie cocoa processing
World

India's private sector investment sought for Cote D'Ivoirie cocoa processing

Cote D'Ivoirie sought investment from India's private sector particularly in cocoa processing to further strengthen its trade ties with India.

Not satisfied with present growth rate, India aspires for more, says Jaitley
Business

Not satisfied with present growth rate, India aspires for more, says Jaitley

India has decided to set up Project Development Company in Africa to promote and develop infrastructure projects.

Gold schemes to spectrum trading: 7 decisions taken at Wednesday's cabinet meet
Business

Gold schemes to spectrum trading: 7 decisions taken at Wednesday's cabinet meet

Decisions ranged from gold schemes to spectrum trading besides approving a policy for capital infusion in the EXIM Bank.

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

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

The capital infusion was made to support the future growth plans of the bank.

Rating outlook upgrade to soften lenders' cost of funds: Indian Banks Assoc
Finance

Rating outlook upgrade to soften lenders' cost of funds: Indian Banks Assoc

The upgrade in the outlook comes at a time when banks in the country are looking at raising money from abroad, especially for the new instrument of tier-I bonds under the Basel-III capital framework