Page 23 - Banking Finance June 2021

PRESS RELEASE

Export-Import Bank of India, on behalf of the Government of India,

extends a line pf credit of USD 108.28 Millon to the Government of

the Kingdom of Eswatini (Swaziland)

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended Line of Credit [LOC] of USD
108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for construction of a new Parliament building
in Eswatini.
The LOC Agreement to this effect was signed through exchange between Mr. Nirmit Ved, General Manager, Exim Bank,
and H.E. Mr. Neal H Rijkenberg, Hon’ble Finance Minister, Government of the Kingdom of Eswatini (Swaziland).
With the signing of the above LOC Agreement, Exim Bank, till date, has extended four (Four) Lines of Credit to the
Government of the Kingdom of Eswatini (Swaziland), on behalf of the Government of India, taking the total value of
LOCs extended to USD 176.58 million. The LOCs extended to the Government of the Kingdom of Eswatini (Swaziland)
cover projects in sectors including Information Technology, Disaster Management, Agriculture and Construction.
With the signing of this LOC Agreement, Exim Bank has now in place 272 Lines of Credit, covering 62 countries in Africa,
Asia, Latin America and the CIS, with credit commitments of around USD 26.84 billion, available for financing exports
from India. Besides promoting India’s exports, Exim Bank's LOCs enable demonstration of Indian expertise and project
execution capabilities in emerging markets.

Bank of Maharashtra organises ‘Covid Vaccination Drive’ for the

Front Liners

Mr. A. S. Rajeev, Managing Director &
CEO, Bank of Maharashtra (BoM)
inaugurated two days ‘Covid Vaccination
Drive’ for front line employees of the Bank
at MES Balshikshan Mandir, Mayur Colony,
Pune. Mr. R. S. Bansal, General Manager,
HRM, Head Office along with Mr. Rajesh
Singh, Mr. Jatin Desai & Mr. Vivek Dhawan,
Zonal Managers of Pune City Zone, Pune
West Zone & Pune East Zone respectively
were present in the function.
Mr. A. S. Rajeev, Managing Director &
CEO, Bank of Maharashtra requested and
urged upon staff members, who are yet to
be vaccinated to take advantage of these two days ‘Covid Vaccination Drive’ and get themselves inoculated. He also
stated that vaccination will certainly boost the morale of the employees to serve customers in a better and efficient
way.

‘Covid vaccination Drive’ has been arranged in association with Deenanath Mangeshkar Hospital, Pune. During this
vaccination drive, any employee of the Bank can walk in for on the spot registration at a dedicated CoWin portal dashboard
which has made available by the Pune Municipal Corporation especially for BoM employees. Moreover, individual
employees of the Bank need not to pay for vaccination as it will be borne by the Bank. ‘Covid Vaccination Drive’ has been
organized by following all Covid related protocol and observing appropriate Covid behaviour.

Bank has taken various precautionary & welfare measures in the interest of Staff members and their well-being especially
working in the Front Line.

BANKING FINANCE | JUNE | 2021 | 23