India, Sri Lanka sign agreement for $318 mn line of credit
The Dollar Business Bureau India on Tuesday signed a pact with Sri Lanka for a $318 million line of credit for developing the railway sector of island nation, according to officials. RHS Samaratunga, Secretary in the Ministry of Finance and Mass Media of Sri Lanka, and David Rasquinha, Managing Director of Export Import Bank of India in Colombo signed the agreement. Prime Minister Narendra Modi, during his first visit to the island nation in 2015, had announced a $318 million line of credit for development of railway sector of the country. The visit was the first standalone bilateral visit since 1987 by an Indian prime minister and had come in the wake of rising presence of China in the Indian Ocean country. China has been ...
GOI appoints Debasish Mallick, David Rasquinha as Exim Bank Deputy Managing Directors
Jayashankar Menon | @TheDollarBiz The government of India has appointed Debasish Mallick and David Rasquinha as Deputy Managing Directors of the Export-Import Bank of India (Exim Bank). Rasquinha was earlier serving the bank as Executive Director, while Mallick was the Managing Director and CEO of IDBI Asset Management Company (AMC). Rasquinha joined the Exim Bank in 1985 and has experience different fields such as export credit, treasury, multilateral agency funded projects, planning and research, risk management, trade finance, project finance and project exports. Rasquinha has contributed in studies on export credit agency for the Gulf Co-operation Council countries and was a member on the Working Group set up by Reserve Bank of India for working capital finance to software units. Rasquinha has also ...
