Sunday 24 February 2019
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business-standard - 13 days ago

EXIM bank to appoint strategic consultant to relook biz: MD

State-owned EXIM Bank is in the process of appointing a strategic consultant to relook at its entire business strategy, a top official said Monday. The bank also plans to raise around USD two billion during the current year, Export-Import Bank of India, managing director, David Rasquinha said. Right now, we are in the process of engaging a strategic consultant. Because we feel that we have been in operation for more than three decades. We were set up in 1981 and the conditions then were different, he said here. Rasquinha was talking to reporters on the sidelines of a Business Outreach Programme on India s Line of Credit and Solar Projects organised by Economic Diplomacy and States division, External Affairs Ministry and EXIM Bank. On the proposal to appoint a strategic consultant, Rasquinha said, when we set up business, it was a different kind of situation at that time.. Now, we are in 2019.. The economy has changed. We are engaging a consultant all together to

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