Exim Bank FY21 results: Net profit jumps to Rs 254 cr as NPAs drop
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Last Updated: May 21, 2021, 08:11 PM IST
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The city-headquartered bank, a development finance institution run by the central government to support its diplomacy efforts, had reported a profit of Rs 124 crore in the year-ago period.
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The bank is cautiously optimistic about growth in FY22, and is aspiring to grow its book by 7-12 per cent on a currency neutral perspective.
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MUMBAI: Export Import (Exim) Bank of India on Friday reported more than doubling of its FY21 net profit to Rs 254 crore as bad loans dipped and said it is cautiously optimistic about growth this fiscal.
E-investing
Institutional investors, who always focussed on G (governance), are now increasingly engaging with investee companies on the E (environment) and the S (social) part
Illustration by Siddhant Jumde
In March, Hero Future Energies, the renewable energy venture of the Hero Group, received an overwhelming response for its overseas green bonds with investors pouring in over $3 billion for expansion of its renewable energy portfolio abroad as well as in domestic market. The six-year maturity money was raised from insurers and institutional funds at a coupon rate of 4.25 per cent.
Another renewable energy company, Hyderabad-based Gre- enko Energy Holdings, mobilised close to a billion dollars through green bonds for refinancing its debt. Though renewable players are finding acceptance amongst global investors, Indian issuers are a bit slow in tapping the huge global pool of green investors.
Exim Bank to raise $3 billion through bond issues
A bulk of the issuances will be in the global market linked to US dollar, the most convertible currency, he said, adding that 80 per cent of its balance sheet is in USD at present
PTI | January 24, 2021 | Updated 14:57 IST
Export-Import (Exim) Bank of India is looking to raise up to USD 3 billion through bond issues in 2021-22 and will be looking to raise more funds under the socially responsible notes category in the next fiscal, a top official has said.
The pandemic is a blip which will slow down balance sheet expansion as the global trade slows down and developmental projects financed by the policy bank also take a backseat, its managing director David Rasquinha said.
Exim Bank to raise $3 billion through bonds in 2021-22
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Last Updated: Jan 24, 2021, 02:14 PM IST
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Exim Bank s refinancing requirements alone go to over $2 billion per year, while the rest is funding against the fresh on-lending that it does, managing director David Rasquinha said.
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Exim Bank said its asset quality has been good so far.
MUMBAI: Export-Import (Exim) Bank of India is looking to raise up to USD 3 billion through bond issues in the 2021-22 and will be looking to raise more funds under the socially responsible notes category in the next fiscal, a top official has said.
Mumbai, Jan 24: Export-Import (Exim) Bank of India is looking to raise up to USD 3 billion through bond issues in the 2021-22 and will be looking to raise