The government on Wednesday gave its ex-post-facto approval to Rs 800 crore capital infusion made in the Export Import Bank of India (EXIM Bank).
The capital infusion was made to support the future growth plans of the bank. "The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of Rs 800 crore, as approved in the demands for grants and consented to by theFinance Minister to support the future growth of the Bank," an official statement said.
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