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Money & Banking - Financial Institutions
Exim Bank authorised capital up

Our Bureau

Mumbai, May 29

The Government of India has increased Exim Bank's authorised capital to Rs 2,000 crore. The existing authorised capital of the bank is Rs 1,000 crore and has been fully subscribed by the Government, said a press release. The bank's Capital to Risk Assets Ratio was 16.38 per cent as on March 31, 2007 and the total assets were over Rs 26,000 crore.

Key areas of the bank's lending include project exports, export lines of credit, export capability-creation finance, finance for Indian ventures overseas and for agri-business and small and medium enterprises.

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