Friday, May 12, 2023

Exim Bank to raise up to $4 billion this year

Exim Bank intends to raise around $3.5 billion to $4 billion this year to fund its government-backed business, said Harsha Bangari, MD. The bank's net profit for FY23 soared 110% to INR 1,556 crore ($209 million). It raised resources worth INR 52,156 crore, coupled with a foreign currency of $3.47 billion.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/exim-bank-to-raise-up-to-4-billion-this-year/articleshow/100194725.cms

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