Exim Bank Gets Rs 9,000 Cr for Foreign Loan NPAs (Computers - Information Technologies)

Item ID 2835072 in Category: Computers - Information Technologies

Exim Bank Gets Rs 9,000 Cr for Foreign Loan NPAs
The Indian government has stepped in to rescue Exim Bank, providing ₹9,000 crore to cover unpaid loans extended to foreign countries. These loans, primarily to African nations, were deemed "doubtful debt," activating government guarantees that obligated the bailout.
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2024-04-29 (0.388 sec)