Exim Bank to raise Rs 17,000 cr
Exim Bank will raise Rs 17,000 crore during the current financial year, its Chairman and Managing Director T C Venkat Subramanian said.
By PTI |
KOLKATA: Exim Bank will raise Rs 17,000 crore during the current financial year, its Chairman and Managing Director T C Venkat Subramanian said on Friday.
Speaking to reporters on the sidelines of Ficci Banking Conclave here, he said that in the last fiscal, the bank had raised Rs 14,000 crore.
He said that the bank would also raise foreign currency loan to the tune of USD 1.8 billion this fiscal.
Subramanian said that the bank was looking at a disbursement growth of 25 per cent during the current fiscal. Last year, the bank disbursed Rs 27,000 crore.
On the issue of financing overseas acquisitions by Indian firms, he said that in 2007-08, the bank had financed 41 companies amounting to Rs 5,000 crore.
The capital base of the bank at present was Rs 1100 crore.
Speaking to reporters on the sidelines of Ficci Banking Conclave here, he said that in the last fiscal, the bank had raised Rs 14,000 crore.
He said that the bank would also raise foreign currency loan to the tune of USD 1.8 billion this fiscal.
Subramanian said that the bank was looking at a disbursement growth of 25 per cent during the current fiscal. Last year, the bank disbursed Rs 27,000 crore.
On the issue of financing overseas acquisitions by Indian firms, he said that in 2007-08, the bank had financed 41 companies amounting to Rs 5,000 crore.
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This fiscal, the bank was having discussions with 15 companies for funding overseas buyouts. The capital base of the bank at present was Rs 1100 crore.
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