Export-Import Bank of India is looking to raise up to US$3 billion in bonds and loans in fiscal 2019-2020, Business Standard reported May 31.

Exim Bank would prefer to raise the funds through the U.S. market, said David Rasquinha, the bank's managing director. The bank will begin to scout markets in July but any capital raising exercises will depend on market conditions.

The bank had raised a total of US$1.22 billion in fiscal 2018-2019 through a variety of instruments.