Category: Exim Bank

Global Export Import – Exim Bank Updates

Jun 19

India’s Export-Import Bank Plans To Step Up Funding For African Countries

India’s EXIM plans to step up investments under a govt-supported line of credit program to finance Indian companies looking to access African markets. India’s Export-Import Bank plans to step up investments under a government-supported line of credit program to finance Indian companies looking to access fast-growing African markets, the bank’s top official said, part of a move to expand trade ties. “Africa is becoming a big consuming continent and there Indian companies have huge potential to find a market,” Harsha Read Full Details…

Apr 15

Modern Export Business Boosting Tips

Exporting goods or services can be a profitable business venture, but it requires a lot of effort and hard work. With the world becoming more interconnected and globalized, the opportunities for exporting have never been better. However, with competition also increasing, it’s essential to stay ahead of the curve and adopt modern export business boosting tips. Use technology to your advantageTechnology has revolutionized the way we do business. It’s now easier than ever to reach customers worldwide and manage your Read Full Details…

Apr 12

HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line

The pact was signed by the two entities at GIFT City in Gujarat’s capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses, said the release HDFC Bank on Wednesday announced that it has signed a ”Master Inter Bank Credit Agreement” with the Export-Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two Read Full Details…

Apr 07

How to Achieve India’s Export Target of $2 Trillion by 2030

India has set an ambitious target of achieving $2 trillion in exports by 2030, which is nearly double the current level of exports. To achieve this target, India needs to focus on several key areas, including improving infrastructure, enhancing the ease of doing business, developing new markets, and promoting innovation and entrepreneurship. Improving Infrastructure Infrastructure is a critical component of any economy, and India is no exception. To achieve its export target, India needs to invest in infrastructure projects that Read Full Details…

Mar 27

China Foreign Trade: Banking sector offers support for enterprises to expand overseas

With China loosening its COVID controls last year, many enterprises are eager to facilitate their overseas business this year. And the banking sector is offering financial support to them. Wu Bin reports. This company located in east China’s Nanjing is a major producer of commercial air conditioning. As a hidden champion in the industry, it’s eyeing geothermal power plant business in several countries. ALBERT YAM Executive Vice President, TICA “Because the wide disparity of economic and financial policies in various Read Full Details…

Feb 18

Export-Import Bank of India reports standalone net loss of Rs 65.84 crore in the December 2022 quarter

Net Loss of Export-Import Bank of India reported to Rs 65.84 crore in the quarter ended December 2022 as against net loss of Rs 105.70 crore during the previous quarter ended December 2021. Total Operating Income rose 44.74% to Rs 2713.21 crore in the quarter ended December 2022 as against Rs 1874.56 crore during the previous quarter ended December 2021. ParticularsQuarter EndedDec. 2022Dec. 2021% Var.Total Operating Income2713.211874.56 45 OPM %69.78110.65 -PBDT-65.79941.73 PL PBT-65.79941.73 PL NP-65.84-105.70 38Powered by Capital Market – Read Full Details…

Feb 07

Onion exports appear to be banned and import duty zeroed in Azerbaijan, too

The onion hysteria in the region has led to a wave of export bans, and it reached Azerbaijan. As EastFruit analysts have already reported, the exports of very expensive onions were banned by Kazakhstan, Uzbekistan, Tajikistan, and Kyrgyzstan. However, in the case of Azerbaijan, the wording of the government’s resolution is ambiguous. The Decree of the Cabinet of Ministers dated February 03, 2023 “On Amendments to the Decree dated March 18, 2022 “On Measures to Regulate the Export from the Read Full Details…

Jan 27

China EximBank raises credit support to foreign trade industry

The Export-Import Bank of China (China EximBank), which is a state-funded and state-owned policy bank supporting China’s foreign trade, had increased credit support for the foreign trade industry in 2022.Towards the end of 2022, China EximBank’s outstanding loans to the country’s foreign trade industry totalled 2.87 trillion yuan (around $423.92 billion), which was an increase of 470 billion yuan compared to the start of the year, according to local media reports. Outstanding loans in yuan and other currencies that were Read Full Details…

Jan 26

China offers Sri Lanka a 2-year debt moratorium

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. Regional rivals China and India are the biggest bilateral lenders to Sri Lanka, a country of 22 million people that is facing its worst economic crisis in seven decades. India wrote to the IMF earlier this month, saying it Read Full Details…