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Exim Bank (the Bank)’s results for the financial year 2025-26 were adopted by the Board on Friday, May 8, 2026. Key highlights of the Bank’s performance during FY 2025-26 are as under:

FINANCIAL PERFORMANCE

BUSINESS PERFORMANCE

The Bank reported significant growth across key business performance parameters, reflecting the commitment to support India’s trade and investment, and developmental priorities of partner countries. Reflecting India’s strong growth story and the increased credit demand, the Bank sanctioned fresh loans aggregating ? 1,55,761 crore. In terms of the asset quality, the gross NPAs stood at 0.57 per cent of the total loans and advances as on March 31, 2026. The Bank’s net NPAs (net of provisions) improved further to 0.01 per cent of the net loans and advances (net of provisions). The Provision Coverage Ratio (PCR) as on March 31, 2026, was 99.85 per cent.

RESOURCES

The Bank raised INR resources amounting to ? 65,315 crore and foreign currency resources of US$ 2.17 billion equivalent during FY 2025-26. Among the notable transactions during the year, the Bank made a debut in the open US$ bond issuances in 2026, marking the first ever 30-year US$ bond issuance by any Indian banking financial institution in the international markets, successfully extending the Bank’s credit curve to the long end and establishing a new long-duration benchmark for Indian issuers. The transaction achieved the tightest spread ever for a 10-year (85 bps over UST10) and 30-year (95 bps over UST30) public issuance out of India. The Bank is rated Baa3 (Stable) by Moody’s, BBB- (Positive) by S&P Global Ratings, BBB- (Stable) by Fitch Ratings and BBB+ (Stable) by Japan Credit Rating Agency. All these ratings are of investment grade or above and are the same as the sovereign rating.

POLICY BUSINESS

Currently, the Bank has a portfolio of 307 LOCs supported by the Government of India, with credit commitments aggregating US$ 27.25 billion, which are at various stages of implementation. With ever-expanding reach, the LOCs have gained momentum in stimulating economic growth across 63 countries in Africa, Asia, Latin America, Oceania and East Europe. These LOCs help Indian contractors and suppliers export goods and services, demonstrating India’s project execution capabilities and positioning India as a trusted development partner. During the year, the Bank has signed an Agreement with the Government of Maldives for an LOC of ? 4,850 crore to finance various developmental projects. This marked the first GOI-LOC to be denominated in Indian Rupees.

COMMERCIAL BUSINESS

During FY 2025-26, the Bank extended ? 1,50,911 crore for building export capacities, enhancing export competitiveness and supporting globalisation efforts of Indian companies. The corporate loan book recorded a growth of 13% during the year, while maintaining strong asset quality. The Bank supported 142 project export contracts valued at ? 69,607 crore in 49 countries, propelling India’s project exports to new heights. Under the Buyer’s Credit under National Export Insurance Account, the Bank has so far sanctioned US$ 2.55 billion for 28 projects across 14 countries. So far, the Bank has provided aggregate finance of ? 87,684 crore to 743 Joint Ventures/Wholly Owned Subsidiaries, set up by 541 Indian companies in 80 countries.

SUPPORT TO MSMEs

More than 500 MSMEs were supported during FY 2025-26 under various programmes of the Bank. The Bank’s recent initiatives are playing a crucial role in bridging the market gaps for the MSME sector, ensuring that viable project or enterprise are able to mitigate challenges due to perceived risks or market inefficiencies. The Bank’s Trade Assistance Programme (TAP) is bridging the financing gaps in trade transactions by providing an effective bridge between local banks in partner countries and banks in India. Launched in 2022, the Bank has already partnered with more than 160 overseas banks under TAP. As on March 31, 2026, the Bank has supported over 2,500 transactions under TAP across 60 countries, leading to US$ 3.94 billion of incremental exports to new or challenging markets, by over 240 exporters based in 60 cities across 22 states.

Exim Bank’s subsidiary in GIFT City, India Exim Finserve IFSC Pvt. Ltd. has since inception in August 2023 sanctioned factoring limits to 26 exporters, with aggregate commitments of approximately US$ 36.81 million, covering 64 importers worldwide. Nearly 58 per cent of these sanctions were extended to MSME exporters across states including Uttar Pradesh, Tamil Nadu, Maharashtra, West Bengal, Gujarat, Haryana, Punjab, Goa, and Delhi, supporting exports to markets in North America, Europe, the Middle East, Asia-Pacific, and Latin America. Of the 26 onboarded suppliers, receivables of 19 exporting entities were factored, resulting in a cumulative invoice turnover of US$ 44.28 million across 2,350 transactions.

Further, under its Ubharte Sitaare Programme (USP), the Bank is nurturing and empowering small and mid-sized companies that have potential advantages by way of differentiated technology, products or processes, but may currently be underperforming or lacking the ability to tap their latent potential. As on March 31, 2026, financial support of ? 2,111 crore to 106 entities across a wide array of sectors, including 10 equity investments. This includes 18 companies with innovative solutions for promoting sustainability, 20 companies leading the way in cutting-edge technology, 16 companies revolutionising healthcare, and several others are engaged in e-mobility solutions, specialised intermediate goods, software solutions, high-quality products for global brands, etc. The Bank has developed strong partnerships with leading academia and provided technical assistance to incubators of IIT Bombay, IIT Delhi, IIM Ahmedabad, IISc, Bangalore, IIM Lucknow and IIT Kanpur for scaling up and nurturing early-stage companies.

In its policy role, the Bank has been designated as the implementing agency for two schemes under the Government of India’s Export Promotion Mission— ‘Support for Emerging Export Opportunities’ and ‘Credit Assistance for e-Commerce Exporters’. Under these schemes, the Bank will support MSME exporters by playing a complementary role to commercial banks, by providing risk mitigation tools and facilitating financing in areas where conventional lending may be constrained. This support will be especially relevant for exporters targeting new, underserved, or higher-risk markets, as well as those exploring new modes of exports. Apart from these, the Bank has also been nominated as the implementing agency for the ‘Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit’.

FOCUS ON SUSTAINABILITY

During the year, the Bank issued two Sustainable Floating Rate Notes under the Bank’s ESG Framework, aggregating US$ 150 million, through private placements. Under its Sustainable Financing Programme, the Bank sanctioned ? 12,636 crore to 30 companies across a wide array of sectors including solar, wind, cleantech, sustainable farming, sustainability solutions, etc.

PROMOTIONAL & DEVELOPMENTAL ROLE

The Bank conducted 30 outreach programmes for exporters, entrepreneurs, artisans, think tanks, governments, etc. across India and overseas. to create an awareness about the initiatives and programmes to promote exports from India and enable entrepreneurs to move up the value chain and contribute towards export-led growth. The Bank is also committed to provide wider visibility, brand promotion and market access for the grassroots enterprises. During FY 2025-26, the Bank through its Exim Bazaar and in partnership with the Kala Ghoda Arts Festival 2026, supported over 200 artisans and grassroots enterprises from 20 states.

During the year, Exim Bank published 20 research studies with focus on countries/region, export potential of Indian states, industries and topics of relevance to international trade. Further, the Bank supported informed decision making, by providing crucial inputs to Government of India for negotiations of Free Trade Agreements and Trade Finance Schemes under Export Promotion Mission.

SOCIAL INITIATIVES

During the year, Exim Bank supported 14 CSR initiatives across five states in India supporting 56,800 beneficiaries. The Bank contributed towards improving healthcare, sanitation, and nutrition for underserved communities. This included equipping an emergency operating room at CMC Vellore, supporting Thirumalai Charity Trust with four dialysis machines along with dialysis costs for patients, and partnering with Dr. Mane Medical Foundation and Research Centre to deploy a Mobile Medical Unit to improve access to healthcare in 40 remote villages. In addition, the Bank supported the installation of sanitary napkin vending machines and incinerators in 34 special schools for children with blindness in Maharashtra and provided 22,156 packets of reusable sanitary pads in 40 villages of Parbhani, Maharashtra. Support was also extended to the education sector through strengthening school infrastructure at the Himalayan School of Life, Uttarkashi, promoting renewable energy adoption by installing a solar plant at Gurukul Public School, Raebareli (Uttar Pradesh), and sponsoring primary education for tribal girls at Bhasha Research and Publication Centre (Vasantshala), Gujarat.  The Bank’s skill training and livelihood initiatives focused on enhancing employability by providing market?relevant training to 400 youth in EV servicing and Solar PV Installer trades, as well as skill development for 120 youth in Tally and Hospitality Management. Further, Exim Bank supported environmental sustainability by facilitating the installation of a biogas plant at the Akshaya Patra Foundation’s Silvassa kitchen, contributing to cleaner energy use and waste management..

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