Wednesday, May 28, 2014

Exports should be an engine to create jobs: Exim Bank

.....Institutions such as Exim Bank, National Housing Bank, SIDBI and Nabard are DFIs. So, they have to be dealt with in a way that they deliver on developmental banking. Without accessing the financial markets they cannot operate. The policy must be aligned suitably for DFIs to raise capital. Currently, we are able to raise 10-11 times of our net owned funds. If we need to deliver on a larger mandate, then the Government and the RBI should make suitable adjustments either in our leverage ratio or in equity infusions. If there is suitable relaxation in the leverage ratio, then we can support more project exports from the country...........

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