Exim Bank looks to rope in strategic consultant to relook biz

CHENNAI: State-owned Exim Bank is in the process of appointing a 'strategic consultant' to relook at its entire business strategy, a top official said on Monday. The bank also plans to raise around $2 billion during the current year, ExportImport Bank of India (Exim), MD, David Rasquinha said. "Right now, we are in the process of engaging a strategic consultant. Because we feel that we have been in operation for more than three decades. We were set up in 1981 and the conditions then were different," he said here. On the proposal to appoint a "strategic" consultant, Rasquinha said, "when we set up business, it was a different kind of situation at that time.. Now, we are in 2019. The economy has changed," he added.