Businessline: exim bank eyes 10% growth in business at rs1 lakh crore in fy19
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The Export-Import Bank of India (Exim Bank) is expecting a 10 per cent growth in business this fiscal.
According to David Rasquinha, Managing Director, Exim Bank’s balance sheet will touch ₹1 lakh crore by March 2019. A majority of the growth is driven by overseas project finance business.
“We are looking at a 10 per cent growth in our balance sheet to ₹1 lakh crore by March 2019. This has been supported by a growth in overseas project finance business,” he told newspersons on the sidelines of the International Trade Conclave, organised by the Bengal Chamber of Commerce and Industry on Friday.
Under the overseas project finance business, Exim Bank has the largest single-country exposure in Bangladesh at close to $9 billion, to be used over a period of five to six years. It finances railway lines and rolling stock, among others. Besides railways, the bank is bullish on renewable energy, power transmission, agriculture, textiles, and sugar.