Exim Bank to raise Rs 7,000 cr from markets

Export and Import Bank of India (Exim Bank) is likely to raise over Rs 7,000 crore from both overseas and domestic markets in the remaining part of this fiscal.

"We have plans to raise $ 800 million in foreign currency and Rs 3,500 crore in the rest of this fiscal," T C Venkat Subramanian, chairman  of Exim Bank, said.

The premier export and import financier was to raise about $1 billion in foreign currency and Rs 5,000 crore in 2006-07, of which, the bank has already raised $ 200 million and Rs 1,500 crore respectively, he said.