Exim Bank to raise up to $3 billion through capital markets in FY20

In 2018-19, Exim Bank raised foreign exchange aggregating Rs 8,530 crore through a variety of instruments

Export-Import Bank of India (Exim) will raise up to $3 billion (nearly Rs 21,000 crore) in bonds and loans through capital markets in 2019-20. 

David Rasquinha, managing director, says it will begin to scout the markets from July. The timing will depend on requirement and market conditions. The bank would prefer to tap the American market, being wider and deeper. 

In 2018-19, Exim Bank raised foreign exchange aggregating to $1.22 billion (Rs 8,530 crore) through a variety of instruments. Its net profit in FY19 was Rs 82 crore, after a net loss of Rs 2,924 crore in 2017-18. Its loan portfolio fell