Page-3 of Exim Bank Current Affairs, GK & News

New Policy for Overseas Borrowings

The Reserve Bank has come out with a new policy for overseas borrowings. The RBI has rationalized the earlier policy in consultation with the Government of India. Features of the New Overseas Borrowing Policy The features of the new policy are: The new policy allows all eligible borrowers to raise External Commercial Borrowings (ECB) up ..

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Government approves Capital Infusion to the Exim Bank

The Union Cabinet headed by Prime Minister Narendra Modi has approved a capital infusion of Rs 6,000 crore in state-owned Export-Import Bank of India (Exim) to expand its business. How the capital infusion would be made? Key facts about the capital infusion proposal are: The government would issue recapitalisation bonds to the tune of Rs 6,000 ..

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Cabinet approves MoU between EXIM Bank and BRICS banks for blockchain research

Union Cabinet has approved MoU signed between Export-Import Bank of India (Exim Bank) and member banks under BRICS Interbank Cooperation Mechanism on Collaborative Research on Distributed Ledger and Block chain Technology in context of development of digital economy. Key Facts Blockchain technology or Distributed Ledger holds potential for solutions to various challenges being faced in ..

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Cabinet approves Extension of Concessional Financing Scheme

Union Cabinet has approved first extension of Concessional Financing Scheme (CFS) for another five years from 2018 to 2023 to support Indian Entities bidding for strategically important infrastructure projects abroad. The scheme also has been liberalized, allowing any Indian company, irrespective of ownership eligible to benefits of it. Implementation Under CFS, Ministry of External Affairs ..

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EXIM Bank extends $4.5 billion loan to Bangladesh for social, infrastructure projects

The Export-Import Bank of India (Exim Bank) will provide loans worth about US $4.5 billion (Rs 29,200 crore) to Bangladesh for financing of various social and infrastructure projects. In this regard, Exim Bank has entered into agreement with Bangladesh Government in October 2017 to extend this line of credit (LoC) facility on behalf of Government ..

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