Caption: Ms. Harsha Bangari, Managing Director, along with Mr. Tarun Sharma and Ms. Deepali Agrawal, Deputy Managing Directors, Exim Bank, presenting the receipt of transfer of balance of net profit of ₹ 252 crore to Smt. Nirmala Sitharaman, Hon’ble Minister of Finance and Corporate Affairs, Government of India, in the presence of Dr. Abhijit Phukon, Economic Adviser, Department of Financial Services

July 10, 2024: Ms. Harsha Bangari, Managing Director, Export-Import Bank of India (Exim Bank / the Bank), presented the transfer receipt of ₹ 252 crore to Hon’ble Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, representing the balance of net profit for the financial year ended March 31, 2024, transferred to the Government of India.

During FY 2023-24, the Bank reported significant growth across key business performance parameters, reflecting the commitment to support India’s trade and investment, and developmental priorities of partner countries. The Bank posted a net profit of ₹ 2518 crore in FY 2023-24, registering an increase of 62% over the previous year. In the last five years, the Bank has transferred an amount of ₹ 519.34 crore as balance of net profit to the Government of India. The Bank’s paid-up capital is entirely subscribed by the Government of India. 

Exim Bank is India’s national export credit agency, fully owned by the Government of India. The Bank is engaged in financing, facilitating and promoting India’s two-way international trade and investment, and seeks to enhance the international competitiveness of Indian enterprises.

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For more information, contact:
T. D. Sivakumar, Chief General Manager, International Relations & Corporate Communications Groups, Center One Building, Floor 21, World Trade Center Complex, Cuffe Parade, Mumbai 400 005;
Ph: +91-22-22172829; E-mail: sivakumar@eximbankindia.in