CURRENT AFFAIRS

Detailed explanation-1: -A Line of Credit (LOC) of USD 20.10 million has been extended by the Export-Import Bank of India (Exim Bank) on behalf of the Government of India, to the Government of the Republic of Nicaragua.

Detailed explanation-2: -MUMBAI : Export-Import Bank of India (Exim Bank) on Thursday said it has, on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing purchase of petroleum products. The agreement to this effect, was signed by S. R.

Detailed explanation-3: -A Line of Credit is a financing mechanism through which Exim Bank extends support for export of projects, equipment, goods and services from India. Exim Bank extends LOCs on its own and also with the support of Government of India.

Detailed explanation-4: -Credit growth Its loan portfolio increased 4.43 per cent year-on-year to ₹1, 03, 851 crore as on March-end 2021.