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Export-Import Bank Of India
Export-Import (EXIM) Bank of India on Friday reported a two-fold jump in its FY23 net profit to Rs 1,556 crore and said its operations have had minimal direct impact of the Russia-Ukraine war. The policy bank is aiming for a loan book expansion in the 12-15 per cent range in FY24, and will be raising USD 4 billion from the market to support the same, its managing director Harsha Bangari told reporters. The bank is also keen to start factoring services from the GIFT City, and will be launching a subsidiary at the international financial services centre for the same purpose later this fiscal, Bangari said. For FY23, it reported a 37 per cent growth in its total income to Rs 11,488 crore and a 14 per cent growth in net loan assets to Rs 1.34 lakh crore. The net interest margins (NIMs) widened to 2.3 per cent as against 2.19 per cent in the year-ago period, and Bangari said it will maintain the same number at above 2 per cent, making it clear that chasing interest income is not the ...