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Export and Import Bank of India received Rs. 650 crore capital and is due to receive further Rs. 650 crore this year as part of the worth capital infusion from the Government of India.
"Last year we got Rs. 700 crore from the government… (it) will give us Rs. 1,300 crore this year. Out of that, we have already received Rs. 650 crore of capital about ten days ago. Rest we will receive in the second half of this fiscal," Yaduvendra Mathur, Chairman and Managing Director, Exim bank said on the sidelines of a round table to sign Memorandum of Intent with US dignitaries to encourage collaboration to promote investment into Indian companies in the US.
Following the infusion, the paid-up capital base of the Government-owned bank will be increased to Rs. 5,000 crore.
The bank has also asked for additional Rs. 2,500 crore for next financial year in addition to room for further leverage. “The leverage ratio should be enhanced from 11 to 15. The other request is additional Rs. 2,500 crore in the next financial year and another Rs. 2,500 crore after that,” the CMD had said last month.
According to him, net asset growth for Exim bank will be at least in the range of 10-12 per cent this year. “We will be looking at more off-take from industry in the next two quarters. Last year, net asset growth was about 15 per cent. We are not too bullish on net asset growth. We are looking at more project export this year,” Mathur added.
"Last year we got Rs. 700 crore from the government… (it) will give us Rs. 1,300 crore this year. Out of that, we have already received Rs. 650 crore of capital about ten days ago. Rest we will receive in the second half of this fiscal," Yaduvendra Mathur, Chairman and Managing Director, Exim bank said on the sidelines of a round table to sign Memorandum of Intent with US dignitaries to encourage collaboration to promote investment into Indian companies in the US.
Following the infusion, the paid-up capital base of the Government-owned bank will be increased to Rs. 5,000 crore.
The bank has also asked for additional Rs. 2,500 crore for next financial year in addition to room for further leverage. “The leverage ratio should be enhanced from 11 to 15. The other request is additional Rs. 2,500 crore in the next financial year and another Rs. 2,500 crore after that,” the CMD had said last month.
According to him, net asset growth for Exim bank will be at least in the range of 10-12 per cent this year. “We will be looking at more off-take from industry in the next two quarters. Last year, net asset growth was about 15 per cent. We are not too bullish on net asset growth. We are looking at more project export this year,” Mathur added.
Source : The Hindu
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