Exim Bank
New Managing Director (MD) of NaBFID
Rajkiran Rai G has been appointed as managing director (MD) for five years. Appointment has been done by Centre and Board of National Bank for Financing Infrastructure & Development (NaBFID). His name was recommended by Financial Services Institutions Bureau (FSIB). ..
Month: Current Affairs - August, 2022
Category: Awards, Honours & Persons in News • Economy & Banking Current Affairs
‘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 ..
Month: Current Affairs - August, 2021
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 ..
Month: Current Affairs - February, 2021
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, ..
Month: Current Affairs - June, 2020
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - March, 2020
EXIM Bank extends Rs 250 Crore LOC to Suriname
The Mumbai headquartered Export-Import Bank of India (EXIM Bank) on Wednesday, 22nd January 2020, on behalf of the Government of India has extended a Line of Credit (LOC) of Rs 250 crore (USD 35.80 million) to the South American country, ..
Month: Current Affairs - January, 2020
USD 500 million Line of credit to Bangladesh for Defence Procurement
Export and Import Bank of India (EXIM) has entered into an agreement with Bangladesh’s Armed Forces Division on 11th April this year for making a Government of India supported USD 500 million Line of Credit for Defence Procurements. The agreement ..