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Economics

Exim Bank’s PAT jumps 3-fold to Rs 738 cr

Mumbai : Export Import Bank of India (EXIM Bank) on Thursday reported a nearly three-fold jump in its profit-after-tax (PAT) to Rs 738 crore in the fiscal year ended March 2022, as compared to Rs 254 crore in the year-ago period. Its total business grew by 5.69 per cent to Rs 2,51,246 crore, as against Rs 2,37,714 crore in FY-2021 The development finance institution sanctioned loans aggregating to Rs 68,863 crore under various lending programmes during FY-2022, its managing director Harsha Bangari said in a release here. Its net loan portfolio registered a growth of 13.26 per cent to Rs 1,17,619 crore from Rs 1,03,851 crore last year. In current financial year (fiscal 2023), the bank is targeting a 12 per cent growth in loan. Non-fund portfolio rose by 7.15 per cent to Rs 15,247 crore from Rs 14,229 crore in FY2021, the release added. 

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