EXIM India has strong solvency, although capital to moderate

It will enjoy strong funding access due to its government affiliation.

The Export-Import Bank of India (EXIM India) has strong solvency and good funding access, although capital will moderate as it pursues asset growth.

“EXIM India’s capital will remain at a robust level, although we expect it will moderate as the bank increases its asset growth over the next few years,” Moody’s Ratings said in its latest ratings report on the bank, where it gave it a “stable” outlook.

The bank is expected to continue to enjoy strong funding access because of its affiliation with the Indian government.

As of 31 March 2025, 38% of EXIM India's loan portfolio comprised policy business, whilst the remaining 62% constituted commercial business.

EXIM India’s gross non-performing loan (NPL) ratio decreased to 1.7%, from 4.1% on 31 March 2023 because of good performance of wholesale borrowers in India and resolution of legacy stressed assets.

The bank had adequate provision coverage on its NPLs at 98% as of the end of March 2025, Moody’s said.