Breaking News: India EXIM Bank eyes additional $750 mn to $1 bn fund raise in FY24 | Company News – Business Standard
Exim bank. Photo: Company website
Export lender India Exim Bank is looking to raise up to $1 billion in this financial year (FY24) for commercial lending and country credit lines.
It follows the $1 billion raised by State Bank of India in January and HDFC Bank’s $750 million offerings earlier this month.
“The liquidity is comfortable in the international market and the conditions are better for Indian entities than a few months ago in terms of raising resources,” Harsha Bangari, managing director of India Exim Bank, told Business Standard.
The government-owned export credit institution raised $1.5 billion till December 2023 through various instruments.
It includes $750 million raised in the third quarter of the current financial year using the External Com...