Merchandise exports are projected to increase to $111.7 billion in Q2 against $109.9 billion recorded in Q1
Export-Import (EXIM) Bank of India on Friday reported a two-fold jump in its FY23 net profit to Rs 1,556 crore and said its operations have had minimal direct impact of the Russia-Ukraine war. The policy bank is aiming for a loan book expansion in the 12-15 per cent range in FY24, and will be raising USD 4 billion from the market to support the same, its managing director Harsha Bangari told reporters. The bank is also keen to start factoring services from the GIFT City, and will be launching a subsidiary at the international financial services centre for the same purpose later this fiscal, Bangari said. For FY23, it reported a 37 per cent growth in its total income to Rs 11,488 crore and a 14 per cent growth in net loan assets to Rs 1.34 lakh crore. The net interest margins (NIMs) widened to 2.3 per cent as against 2.19 per cent in the year-ago period, and Bangari said it will maintain the same number at above 2 per cent, making it clear that chasing interest income is not the ...
Live news updates: The latest on India news, the coronavirus, the war in Ukraine and other headlines.
Export-Import Bank of India (India Exim Bank) on Friday said it forecasts India's total merchandise exports to $98.45 billion for the second quarter of FY22.
The fund has added two new names - Adani Ports & Special Economic Zone and Britannia Industries - show the fund's latest disclosures
Merchandise exports during September quarter 2017-18 stood at $74.21 billion and non-oil exports stood at $65.17 billion