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Tag: exim bank

Exim Bank stretches USD 20.1 mn credit line to Nicaragua govt

June 22, 2020
Export-import Bank of India (EXIM Bank)
  • Export-Import Bank of India (Exim Bank) on 20th June stated it has stretched a line of credit (LOC) of USD 20.10 million to the Government of Nicaragua for reconstruction of Aldo Chavarria Hospital.

Rs1500 crore letter of credit announced by RBI for EXIM Bank

May 22, 2020
Export-import Bank of India (EXIM Bank)
  • ईे15000 crore Letter of Credit (LoC) will be given by Reserve Bank of India (RBI) to the EXIM Bank for 90 days period from the date of availing with rollover maximum upto 1 year.
  • Along with this RBI has also increased the max. period of pre-shipment and post-shipments export credit sanctioned by Banks from 1 year to 15 months for disbursements made upto 31 July 2020.

India gives $75 million LoC to Cuba for solar parks

January 5, 2020
solar parks

India has extended a line of credit (LoC) of USD 75 million (over Rs 500 crore) to finance solar parks in Cuba. The line of credit is as per agreement signed between Export-Import Bank of India (Exim Bank) and Banco Exterior De Cuba for installation of 75 MW Photovoltaic Solar Parks in the Republic of Cuba. Banco Exterior De Cuba is a nominated agency of the Government of Cuba.