Exim Bank Current Affairs, GK & News

‘Ubharte Sitaare Fund’ to be launched

Finance Minister Nirmala Sitharaman is set to launch an ambitious ‘Ubharte Sitaare Fund’ on August 21, 2021. It will be launched for export-oriented firms and startups. Key Points Ubharte Sitaare fund has been set up jointly by Exim Bank and SIDBI It will be launched in Lucknow. Finance minister will also launch India Exim Bank’s ..

Month: 

Category: 

Topics: 

Exim Bank to provide $400 Million for Maldives project

The Reserve Bank of India has announced that the Export-Import Bank of India (Exim Bank) will provide USD 400 million to Maldives project. It will provide the fund for the Greater Male Connectivity Project. Highlights The Exim Bank had signed an agreement with the Maldives government to provide the supported Line of Credit of USD ..

Month: 

Category: 

Topics: 

RBI releases Framework for sale of Loan Exposure and Securitization of Standard Assets

The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial Banks. This includes All India Financial Institutions such as EXIM Bank, NABARD, Non-Banking Financial Companies. The guidelines have also included recommendations of Committee on Development of Housing ..

Month: 

Category: 

Topics: 

Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo rate to 3.35%. The RBI also announced that the reduction in policy rate is to ..

Month: 

Category: 

Topics: 

SIDBI launches “Swavalamban Express” to promote business aspirants

On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various workshops and programmes are to be organized. The train has been launched to fulfil India’s ..

Month: 

Category: 

Topics: