• The Lok Sabha today approved a bill to increase the authorised capital of Export Import Bankof India (Exim Bank) from Rs 2,000 crore to Rs 10,000 crore. 

  • The amendments to the Exim Bank Act 1981, also authorises the government to raise the authorised capital of the Bank in future through a notification.

  • "The amendment will help the Exim Bank to promote its objective of raising exports...providing more letters of credit (LoCs) to exporters.

  • The Bank, set up in 1981, has a net worth of Rs 5,230 crore and Non-Performing Assets of 0.02 per cent, which is lowest in the financial sector,