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Export-Import Bank of India aims to raise up to US$3B in overseas markets

Export-Import Bank of India plans to raise up to US$3 billion in overseas markets in fiscal year 2017-2018, the Press Trust of India reported April 2, citing the bank's managing director, David Rasquinha.

Rasquinha said the bank is seeking to raise between US$2.5 billion and US$3 billion, adding that a part of the capital could be deployed as liquidity.

The bank raised over US$2 billion from overseas markets in fiscal year 2016-2017.