EXIM Bank of India has announced plans to raise $300 million through dollar bonds under the Reserve Bank of India's subsidised hedging facility for overseas fundraising. According to The Economic Times, the state-run export finance institution will issue three-year floating-rate bonds priced at 90 basis points over the Secured Overnight Financing Rate (SOFR). This marks EXIM Bank's second dollar debt offering in 2026, following its $500 million issuance in January through 10-year bonds at 5% coupon and 30-year bonds at 5.75% coupon. The bank joins other major borrowers including Power Finance Corp, HDFC Bank, and Axis Bank, which have collectively raised approximately $2.15 billion through dollar bonds since the RBI announced the facility. The latest development comes as U.S. yields have risen, with the benchmark 10-year Treasury yield at 4.55%, while yields on 30-year Treasuries are back above the psychological 5.0% barrier.
EXIM Bank of India presented a ₹428 crore dividend cheque to Finance Minister Nirmala Sitharaman for financial year 2025-26. According to reports from The Economic Times, Outlook Business, Reuters, and The Hindu BusinessLine, the dividend cheque was handed over by EXIM Bank of India managing director Harsha Bangari to the Finance Minister in the presence of deputy managing director Tarun Sharma. The bank reported a net profit of ₹4,273 crore for 2025-26, with 10 per cent transferred as balance of net profit to the government of India. This represents a 31.74% year-on-year profit growth, demonstrating the bank's strong financial performance and role in supporting India's economy.
During 2025-26, EXIM Bank recorded 32% growth in net profit and robust financial indicators, as reported by The Economic Times, Outlook Business, Reuters, and The Hindu BusinessLine. The bank's paid-up capital is wholly owned and subscribed by the government of India, highlighting its government backing. The strong financial performance reflects strong growth in the bank's export financing business, with the bank playing a pivotal role in financing, facilitating and promoting India's international trade and investment, supporting Indian enterprises in enhancing their global reach and competitiveness.
Looking ahead, EXIM Bank plans to raise ₹995 billion (about $10.5 billion) this fiscal year, significantly more than last year's actual borrowing, to support Indian businesses trading internationally. According to bank statements reported by Reuters, most of this funding will come from domestic sources like bonds and loans, with the remainder from international lenders. Managing Director Harsha Bangari told Reuters that the bank expects to raise around ₹660 billion from the domestic market through bonds, certificates of deposit and loans, while another $3.5 billion will be mobilised through overseas bilateral and syndicated loans. Maksim Zenkov, deputy head of emerging markets fixed income at Cbonds, expects around $5 billion of bond issuances to come till the end of September, with banks and state-run companies frontloading their foreign currency borrowings. This expansion reflects the bank's commitment to helping Indian exporters and importers compete globally and strengthen India's position in international trade.
