Essar Energy gets $300 mn credit to repay bridge loan

Last Updated: Thursday, September 12, 2013, 11:45

The USD 150 million facility, originally agreed with Axis Bank, was signed and disbursed in September 2012 and allowed for an increase to USD 450 million. Both facilities mature in 2017.

Exim Bank looks at 20% growth this fiscal

Last Updated: Friday, August 2, 2013, 15:39

The Exim Bank is looking at a 20 percent growth in loan portfolio during the current financial year despite the slowdown which has gripped many countries, particularly European ones.

Exim Bank to offer long-term finance to pharma companies

Last Updated: Monday, July 15, 2013, 19:36

In a bid to boost export capability of Indian pharmaceutical companies, Export-Import Bank of India (Exim Bank) has decided to expand the scope of its finance to them for extended repayment periods.

India promises continued credit lines to Ethiopia

Last Updated: Sunday, July 14, 2013, 17:42

The Exim Bank of India's line of credit (LoC) to African countries is growing in proportion to the Indian companies' interest in investing in the continent, says T.C.A. Ranganathan, its chairman and managing director.

Vietnam to host 10th annual international women`s volleyball

Last Updated: Wednesday, July 10, 2013, 17:00

The 10th annual international women`s volleyball tournament - the VTV Eximbank Cup 2013 - will take place in Vietnam`s northern Ninh Binh province July 13-20.

Exim Bank funds 3 Mozambique projects worth $216 mn

Last Updated: Tuesday, July 9, 2013, 15:52

The Exim Bank said it has extended an additional USD 216.44 million in three lines of credit (LoC) to Mozambique.

Exim Bank gives $10 mn line of credit to Seychelles

Last Updated: Monday, July 8, 2013, 21:36

A line of credit is an arrangement between a financial institution and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain.

Bullish on solar projects in India: US Exim Bank chief

Last Updated: Wednesday, June 26, 2013, 22:15

US Exim Bank chief Fred Hochberg has said the lender is bullish on the renewable energy space here, especially the solar sector, even though there is a "slight pause" in such projects.

Upcoming elections holding back businesses: US Exim Bank head

Last Updated: Tuesday, June 25, 2013, 21:42

"The path seems clearer today than it did five to six months ago. I'd say it (the picture) is clearer today than it was six months ago," Hochberg, the chairman and president of the US Export-Import Bank, told reporters here.

Exim Bank gets license to open rep office in Myanmar

Last Updated: Wednesday, June 19, 2013, 21:05

The Export Import (EXIM) Bank of India Wednesday said it has received a licence to open a representative office in Myanmar's Yangon.

US court upholds Exim Bank loan for Air India

Last Updated: Wednesday, June 19, 2013, 11:41

A US court has rejected a plea by the Delta Airlines to vacate the US Export-Import Bank's support for the sale of 30 Boeing wide-body jets to Air India.

India's Exim Bank approves $300 million loan to Ethiopia

Last Updated: Saturday, June 15, 2013, 22:17

Founded in 1982 under the Export-Import Bank of India Act 1981, Exim Bank is the first export finance institution of the country. The bank provides other credit lines to the Ethiopian government in the sugar and rural development sectors.