The Reserve Bank of India has proposed minimum 11.5% capital for the four all India financial institutions (AIFI) in line with Basel III framework to raise their resilience in periods of stress. The stricter capital norms would be applicable to Exim Bank, National Bank for Agriculture & Rural Development, National Housing Bank and Small Industries … Read more
Uttar Pradesh’s ‘One District One Product’ (ODOP) programme will aid in effective identification of “champion sectors” amongst MSMEs under the ‘Ubharte Sitaare Fund’, union finance minister Nirmala Sitharaman said on Saturday as she launched the “ambitious” alternate investment fund for MSMEs in the state capital. The fund, co-sponsored by Exim Bank and Sidbi, was formed … Read more
India and its Southern neighbour Maldives on Saturday signed five agreements that would boost infrastructure in the island nation. The pacts that were signed on Saturday during Foreign Minister S Jaishankar’s visit are- Amendatory Agreement to repurpose an older EXIM Bank of India Line of Credit of USD 25 million for Road Devt; Letter of … Read more
Kolkata: Commerce and Industry Minister Piyush Goyal said on Saturday that India has the capability to become a global player in many sectors and needs to scale up its manufacturing activities. Speaking at a webinar organised by EXIM Bank, he said sectors which have potentials to become globally competitive are required to be identified. “There … Read more