State-owned EXIM Bank is in the process of appointing a 'strategic consultant' to relook at its entire business strategy, a top official said Monday.
The bank also plans to raise around USD two billion during the current year, Export-Import Bank of India, managing director, David Rasquinha said.
"Right now, we are in the process of engaging a strategic consultant. Because we feel that we have been in operation for more than three decades. We were set up in 1981 and the conditions then were different," he said here.
Rasquinha was talking to reporters on the sidelines of a Business Outreach Programme on India's Line of Credit and Solar Projects' organised by Economic Diplomacy and States division, External Affairs Ministry and EXIM Bank.
On the proposal to appoint a "strategic" consultant, Rasquinha said, "when we set up business, it was a different kind of situation at that time.. Now, we are in 2019.. The economy has changed."
On fund raising plans, he said, "the bank raised USD one billion in January 2018. We may look at bond market before March 31 or more likely after that date when our annual results have come in."
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