India Exim Bank’s profit doubles in FY 23

India Exim Bank has announced the Bank’s results for the FY2022-23. Bank sanctioned loans aggregating ₹ 79,764 crore during FY 2022-23 to enhance export capabilities of Indian companies and support development priorities of partner countries. The Bank has a portfolio of 303 Government of India-supported Lines of Credit (LOCs) with credit commitments aggregating US$ 31.85 billion, which are at various stages of implementation. With ever expanding reach, the LOCs have gained momentum in stimulating economic growth across 68 countries in Africa, Asia, Latin America, Oceania and the CIS region.

During FY 2022-23, the Bank supported 37 new contracts valued over US$ 1 billion. On behalf of the Government of India, the Bank sanctioned seven LOCs, aggregating US$ 670.32 million, to support export of projects, goods, and services from India. During FY 2022-23, the Bank provided support of ₹ 72,521 crore to Indian companies to build export capacity and boost export competitiveness under the Commercial Business.