Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

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: 28-04-2025
Notification No. 24/2025-Customs
Seeks to amend List 34A and 34B of the Notification No. 50/2017-Customs dated 30.06.2017

Date: 23-04-2025
Notification No. 28/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 17-04-2025
Notification No. 26/2025 – Customs (N.T.)
Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 - Revision of rate of duty drawback of Gold jewellery and silver jewellery/articles

Date: 15-04-2025
Notification No. 24/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 08-04-2025
Notification No. 23/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 04-04-2025
NOTIFICATION No. 23/2025-Customs
Seeks to amend entry 515C of notification 50/2017-Customs

Date: 28-03-2025
Notification No. 17/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 27-03-2025
NOTIFICATION No. 11/2025–Central Tax
Seeks to notify Central Goods and Services Tax (Second Amendment) Rules 2025

Date: 13-03-2025
Notification No. 13/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 13-03-2025
Notification No. 10/2025 – Central Tax
Seeks to amend notification No. 02/2017-Central Tax.



Exim Guru Copyright © 1999-2025 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