Money & Banking

Exim Bank FY-11 net up 14% at Rs 584 cr

| Updated on: Apr 28, 2011

Development finance institution Exim Bank today posted a 14 per cent rise in net profit to Rs 584 crore for the year ended March 31, 2011.

The bank’s net profit last year was Rs 513 crore, Exim Bank said in a statement issued here.

While the bank’s loan assets grew by 17 per cent to Rs 46,041 crore from Rs 39,371 crore in 2009—10, loan approvals were up by 23 per cent at Rs 47,798 crore.

The net non—performing assets of the bank stood flat at 0.20 per cent.

During the year, it extended 22 lines of credit aggregating to $2.3 billion. A total of 64 corporates were sanctioned assistance aggregating to Rs 8,325 crore for their overseas investments in 28 countries, the bank said.

Published on April 28, 2011

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