Exim Bank (the Bank)’s results for the financial year 2024-25 were adopted by the Board on Friday, May 9, 2025. Key highlights of the Bank’s performance during 2024-25 are as under:
 
FINANCIAL PERFORMANCE

BUSINESS PERFORMANCE
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. Reflecting India’s strong growth story and the increased credit demand, the Bank sanctioned fresh loans aggregating ₹ 1,39,871 crore. The loan portfolio grew by 18% in FY2024-25, driven by strong growth in sectors such as clean and renewable energy, automotive, engineering goods, pharmaceuticals, and telecommunications. The Bank also witnessed growth in strategically important sectors mainly e-mobility, high-tech, and aerospace. In terms of the Non-Performing Assets (NPAs), with the improvement in asset quality, the Gross NPAs declined from 1.94% as on March 31, 2024 to 1.71% as on March 31, 2025, and the Net NPAs declined from 0.29% as on March 31, 2024 to 0.14% as on March 31, 2025. The Provision Coverage Ratio increased from 96.83% to 98.26%.

POLICY BUSINESS
The Bank supported a wide range of developmental projects in partner countries through the Lines of Credit (LOCs) extended at the behest of the Government of India (GOI). As on March 31, 2025, the Bank has a portfolio of 293 GOI-supported LOCs with credit commitments aggregating US$ 27 billion. These LOCs are supporting socio economic development in partner countries, while facilitating access to new markets and opportunities for Indian companies. As on March 31, 2025, 965 contracts valued at nearly US$ 16 billion have been covered under LOCs. 

COMMERCIAL BUSINESS
During FY 2024-25, the Bank extended ₹ 1,33,888 crore for building export capacities, enhancing export competitiveness and supporting globalisation efforts of Indian companies. The corporate loan book recorded a growth of 31% during the year, while maintaining strong asset quality. The Bank supported 89 project export contracts valued at ₹ 56,853 crore in 35 countries, propelling India’s project exports to new heights. Further, 14 corporates were sanctioned funded and non-funded assistance aggregating ₹4,641 crore for part financing their overseas investments in 8 countries. So far, the Bank has provided finance to 713 Joint Ventures/Wholly Owned Subsidiaries, set up by 518 Indian companies in 78 countries. 

SUPPORT TO MSMEs
Exim Bank’s recent initiatives are playing a crucial role in bridging the market gaps for the MSME sector, ensuring that viable project or enterprise are able to mitigate challenges due to perceived risks or market inefficiencies. The Bank’s Trade Assistance Programme (TAP) is bridging the financing gaps in trade transactions by providing an effective bridge between local banks in partner countries and banks in India. Launched in 2022, the Bank has already partnered with 100 overseas banks under TAP. As on March 31, 2025, the Bank has supported 1,139 transactions under TAP across 51 countries, leading to more than US$ 3 billion of incremental exports to new or challenging markets, by over 160 exporters based in 60 cities across 20 states. 

Exim Bank’s subsidiary in GIFT City, India Exim Finserve IFSC Pvt. Ltd. provided non-recourse/ limited recourse export factoring for 587 open account trade transactions, leading to incremental exports of US$ 7 million across diverse sectors including apparels, engineering goods, chemicals, auto-components, handicraft, home textiles, etc. to Noth America, Europe, Middle East and Asia-Pacific.

Further, under its Ubharte Sitaare Programme (USP), the Bank is nurturing and empowering small and mid-sized companies that have potential advantages by way of differentiated technology, products or processes, but may currently be underperforming or lacking the ability to tap their latent potential. As on March 31, 2025, under USP, the Bank has extended financial support of ₹ 1,522 crore (including 7 equity investments) to 85 entities. This includes 14 companies with innovative solutions for promoting sustainability, 19 companies leading the way in cutting-edge technology, 13 companies revolutionising healthcare, and several others are engaged in e-mobility solutions, specialised intermediate goods, software solutions, high-quality products for global brands, etc. The Bank has developed strong partnerships with leading academia and provided technical assistance to incubators of IIT Bombay, IIT Delhi, IIM Ahmedabad, IISc, Bangalore, IIM Lucknow and IIT Kanpur for scaling up and nurturing early-stage companies.
 
RESOURCES
The Bank raised resources (INR and Foreign Currency) aggregating ₹ 71,424 crore, including foreign currency resources of US$ 2.27 billion equivalent during FY 2024-25. Among the notable transactions during the year, the Bank raised a bond of US$ 1 billion under 144A/Reg S. Through this issuance, the Bank achieved tightest spread ever for a 10-year public issuance out of India and the tightest ‘BBB -’ 10-year USD public issuance out of Asia ex-Japan. The Bank is rated Baa3 (Stable) by Moody’s, BBB- (Positive) by S&P Global Ratings, BBB- (Stable) by Fitch Ratings and BBB+ (Stable) by Japan Credit Rating Agency. All these ratings are of investment grade or above and are the same as the sovereign rating.
 
FOCUS ON SUSTAINABILITY
During the year, the Bank issued two sustainable bonds under the Bank’s ESG Framework through private placements. Under its Sustainable Financing Programme, the Bank supported 36 companies across a wide array of sectors including solar energy, wind energy, cleantech, sustainable farming, sustainability solutions, etc. The Bank also received award from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) for its Sustainable Finance Programme under the category of ‘Environmental Development’.

PROMOTIONAL & DEVELOPMENTAL ROLE
Exim Bank’s initiatives are enabling grassroots enterprises, even those located in the most remote areas of the country, to make forays in the international markets. In alignment with the Districts as Export Hubs initiative of the Government of India, the Bank supported interventions across 13 districts and 11 states in FY 2024-25. 

The Bank is also committed to provide wider visibility, brand promotion and market access for the grassroots enterprises. During FY 2024-25, the Bank partnered with the Kala Ghoda Arts Festival 2025. Over 200 artisans and grassroots enterprises from various states participated in the festival, with Exim Bank sponsoring more than 60 artisans from 20 states. 

During the year, Exim Bank published 20 research studies with focus on countries/region, export potential of Indian states, industries and topics of relevance to international trade. Further, the Bank supported informed decision making, by providing crucial inputs to the Ministry of Commerce and Industry, Government of India for negotiations of Free Trade Agreements. 
 
SOCIAL INITIATIVES
During the year, Exim Bank supported 13 initiatives across 14 states of India. The Bank contributed to enhancing the health and essential nutrition for students from underserved communities by providing mid-day meals to 200 schoolgirls in Varanasi, Uttar Pradesh through its support to Akshay Patra foundation. The Bank collaborated with the PRIDE India to deploy Mobile Medical Unit, improving access to healthcare for the underserved rural population in 40 villages. Further, the Bank engaged with SankalpTaru Foundation, an IT-enabled NGO for plantation of trees. Through this initiative, the Bank planted 60,000 trees, through which 35,000 tons of Co2 would be sequestered per year. The Bank also supported technical training of 30 females as General Duty Assistants, 100 girls as edu-leaders and 200 unemployed youth as electrician to facilitate their employment.

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For more information, please contact: Mr. T D Sivakumar, Chief General Manager, Export-Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400005; Phone +91-22-22172829; E-mail: ccg[at]eximbankindia[dot]in