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Exim Bank pays Rs 86.75 cr dividend

June 09, 2006 16:25 IST

Export-Import Bank of India paid a dividend of Rs 86.75 crore (Rs 867.5 million) for 2005-06 to the government on Friday.

Minister of state for Finance P K Bansal received the cheque from EXIM Bank CMD T C Venkat Subramanian.

The bank made a post-tax profit of Rs 271 crore (Rs 2.71 billion) last fiscal.

The government ownes the entire stake in EXIM Bank, whose principal objective is to finance exports of projects, products and services from India through a variety of financing programmes.

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