Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Exim Bank lowers lending rate by 0.25 per cent.


Date: 07-11-2016
Subject: Exim Bank lowers lending rate by 0.25 per cent
NEW DELHI: In a bid to promote project exports, Export-Import Bank of India (Exim Bank) has lowered its credit cost by 0.25 per cent.

The interest rate structure for Buyer's Credit under Government of India National Export Insurance Account (BC-NEIA) payable by eligible Borrower has been revised downwards by 25 bps across tenors.

The lowering of rate will help promote project exports, EXIM Bank executive director Debasish Mallick told PTI.

The revised interest rate is effective from October 1.

Exim Bank in conjunction with ECGC operates BC-NEIA under which the bank finances and facilitates project exports from India, he said.

Besides promoting India's exports, BC-NEIA programme enables demonstration of Indian expertise and project execution capabilities in emerging markets, he said.

Further, he said, charges and fees, including a suitable interest differential as may be determined by Exim Bank is payable by the Indian company.

Exim Bank has till date sanctioned USD 2.84 billion for 22 projects valued USD 3.06 billion under the programme for executing projects in countries, including Cameroon, Ethiopia, Ghana, Iran, Maldives, Mozambique, Senegal, Sri Lanka, Tanzania, Zambia and Zimbabwe.

Further, the bank has also given in-principle commitments for supporting several projects, at the behest of leading Indian project exporters, in order to enable these Indian companies to submit bids or negotiate contracts with overseas project authorities.

Source : economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001